Equities Surge Amid Two-Day Buying Frenzy Equities traded lower to end last week but staged a rare 5.7% surge over two days. The spark was ignited by extremely oversold conditions and the Reserve Bank of Australia increasing rates by only 25 basis points. This pivot, combined with the Bank of England last week, got markets...
Equities Retreat to New Lows Amid Rising Bond Yields Equities traded lower this week with the S&P 500 trading at its lowest level of the year. The index finished down 1.9% on the week and is down 21.1% on the year. Emerging markets were down 6% on the week as global currency and bond market...
Focus on the Fed This week all eyes were focused on the Fed in anticipation of their rate decision. Change was expected, but would it be an increase of 75 basis points or 100 basis points, given the prior week’s report of the Consumer Price Index rising 8.3% year‑over‑year? Recall the Fed has stated its...
