Cumulative Tightening—But Not Yet!

Cumulative Tightening—But Not Yet!

OVERVIEW   U.S. stocks fell last week, with the S&P 500 declining by 3.4%. The index is now up 5.4% from its October 12 closing low of 3,577.03 and down 21.3% from its January 3 closing high of 4,796.56. The Dow Jones Industrial Average did relatively better,...
Trust but Verify

Trust but Verify

OVERVIEW   The Dow Jones Industrial Average rose 5.7% last week, capping its fourth consecutive week of gains and its best four-week stretch since April 2020. The S&P 500 Index rose 4%, notching its best two-week period since November 2020. And pulling up the...
Market Mourning

Market Mourning

OVERVIEW   A relief rally hit Wall Street last week as all three major U.S. stock indices ended in the green. The S&P 500 rose 4.7%, up two of the past three weeks. Same with the Nasdaq Composite, which rose 5.2% for the week. And the Dow Jones Industrial...
Macro Take the Wheel

Macro Take the Wheel

OVERVIEW   The U.S. stock market was mixed last week. The S&P 500 lost 1.55%, and the Nasdaq Composite dropped 3.11%. However, the Dow Jones Industrial Average registered gains of 1.15%. Foreign stocks declined, with developed country markets dropping 1.35%...
Waypoints

Waypoints

OVERVIEW   Despite a volatile week, the major U.S. stock indices registered gains, snapping a three-week losing streak. The S&P 500 gained 1.5%, the Dow Jones Industrial Average rose 2%, and the Nasdaq Composite climbed 0.7%. Bonds were mixed, however. The...