Moving the goalposts
Stronger-than-expected economic data moved the goalposts for rate cuts this year, sending Treasury yields sharply higher and U.S. equity indices lower in a shortened trading week. The S&P500 index slid nearly 2%
Down but not out
U.S. equity indices ended 2024 on a down note but registered strong annual returns—well above the historical averages—for a second straight year. Once again, the Nasdaq Composite index led the way…
Central bank decisions and inflation data headline the week
The S&P500 index closed at a record high for a second straight week, rising 1% after U.S.
employment data boosted expectations for another interest rate cut later this month. The Nasdaq
Composite index surged more than 3% to set a fresh weekly…
Post-election bid losing steam
The post-election rally lost steam last week amid rising interest rates and less dovish commentary from Fed Chair Powell, sending U.S. equity indices lower. The S&P500 index slid 2%, while the Nasdaq Composite and Russell 2000 dropped 3% and 4%, respectively. A surging U.S. dollar…
The Trump trade is on!
U.S. equity indices and other risk assets soared after Donald Trump was re-elected as President and the Federal Reserve cut interest rates for a second straight meeting. The Russell 2000 index exploded higher by 8.5%, while the Nasdaq Composite jumped 5.7%. The S&P500 gained 4.6%, eclipsing the $6,000 level for the first time
Busy week for macro markets
U.S. equity indices ended the week with mixed performance, as rising interest rates and the
looming Presidential election registered a cautious tone with investors. The S&P500 index fell 1%,
while the Nasdaq Composite rose slightly to a fresh record closing high.