Stocks Rally as Powell Guides to 50 in December Fed Chair Jerome Powell signaled the pace of rate hikes would slow and could come as soon as the next meeting in December. The S&P 500 rallied more than 3% on the day. It was the fourth-consecutive time the market moved 3% on the day Powell...
We issue this week’s Insight somewhat early, given the Thanksgiving holiday, allowing all to hopefully relax and recall those things for which we’re thankful. U.S. equities were basically flat since our last Insight. U.S. equities have exhibited a sustained upward trend since the quarter began, having risen 10.2% over that timeframe. Outside the U.S., equities...
Stocks Surge on Lower Inflation Equities surged last Thursday when the Consumer Price Index (CPI) came in lower than expected. The S&P 500 jumped 5.55% on the day, the largest single-day gain since March 2020. The NASDAQ’s 7.4% gain was the 14th largest in the 50-year series history. The 13 larger daily moves all occurred...
