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...
Consumer Focused Data Week With consumers representing almost 70% of the gross domestic product (GDP) in the U.S., this week’s economic news gave us a picture of how they are doing. A reading on the job outlook showed mixed signals. While headline nonfarm payroll (Current Employment Statistics) increased by 261,000 in October (vs. 315,000 in...
