Week In Review:  The Dropouts US equity indexes were higher the week: DJIA +1.2%, S&P 500 +1.5%, NASDAQ +1.1%. Some better than expected economic data propelled US indexes higher this week. The DJIA surpassed 34,000 for the first time. Turning to flows, Japan investors increased their foreign debt purchases. The…

Week In Review:  Party Up? US equity indexes were higher the week: DJIA +2.0%, S&P 500 +2.7%, NASDAQ +2.6% as the US re-opening/economic recovery theme is front and center.  As vaccinations and re-openings also are progressing in many developed markets, market attention is turning to global tourism, the resumption of which is…

Week In Review: A Race to the Finish Line US equity indexes were mixed on the week: DJIA +1.4%, S&P 500 +1.6%, NASDAQ -0.6%. On Friday, the S&P 500 had a late-trading session rally that pushed it to a new high. Looking back, March 23 was the one year anniversary…

Week In Review: Deja Vu? US equity indexes were lower on the week: DJIA  -0.5%, S&P 500 -0.8%, NASDAQ -0.8%.  Senior Advisor, Chris Marsh’s, notes on the Federal Reserve:  “The decision on the margins of the FOMC meeting last week to instruct the FRBNY to increase counterparty limits on ON RRP from…

Week In Review: May Day US equity indexes were stronger on the week: DJIA  +4.1%, S&P 500 +2.6%, +3.1% NASDAQ. Positive news boosted the outlook for the economy and risk seeking sentiment. On Wednesday core CPI for February came in at +0.1% m/m – slightly below expectations. On Thursday, President…

Week In Review: Optimism Unsettles   US equity indexes were mixed on the week: DJIA +1.8%, S&P 500 +0.8%, NASDAQ -2.1%. Re-opening optimism is unsettling the market. The US vaccine supply timetable has been brought forward (see Covid section), February payrolls surprised to the upside, and more fiscal stimulus is expected – supporting risk…

Week In Review: UnYielding US equity indexes fell on the week, unsettled by quickly rising US yields:  DJIA -1.8%, S&P 500 -2.4%, NASDAQ -4.9%. There are macro dynamics in motion that we have never seen before, and asset markets are, correctly, responding to great uncertainty ahead. Moves seen on Thursday…

Week In Review:  Commodity Prices & Yield Spikes US equity indexes were flat to down for the week: DJIA +0.1%, S&P 500 -0.7%, NASDAQ -1.6%.   The strength in commodity prices in recent sessions, particularly industrial metals, is supporting the terms of trade for commodity exporters. This is visible in our…

Week In Review:  Shots, Shots, Shots US equity indexes rose modestly for the week: DJIA +1.0%, S&P 500 +1.2%, NASDAQ +1.7%.  The VIX index retreated to just under 20.0 on Friday.  The US 30 year bond yield (2.00%) is back to where it started 12 months ago pre-pandemic – that’s…

Week In Review: The Game Stopped  US equity indexes rebounded from the previous week’s losses: DJIA 3.9%, S&P 500 4.6%, NASDAQ 6.0%. Last week’s unusual activity involving GameStop and equity market pullback subsided and the market focused on the optimistic topics of US fiscal stimulus hopes and the continued vaccine roll-out. …

Week In Review: An Unusual Episode US equity indexes had their largest losses in three months: DJIA -3.3%, S&P 500 -3.3%, NASDAQ -3.5%. This was a highly unusual week in the market. A technical situation occurred mainly with GameStop (GME), which involved retail traders, with the help of social media, combining…

Week In Review: Supply ConSTRAINts US equity indexes were up on the week: DJIA +0.6%, S&P 500 +1.9%, NASDAQ +4.2%. Wednesday was US Inauguration Day – Joe Biden was sworn in as the 46th President of the United States and Kamala Harris as the Vice President. On Friday, the US…

Week In Review: Political Uncertainty US equity indexes were lower on the week: DJIA -0.9%, S&P 500 -1.5%, NASDAQ -1.5%, due to political uncertainty, disappointing US economic data, and as the market waited for President-elect Joe Biden’s fiscal stimulus plan. Details of the $1.9 trillion plan came late in the…

Week In Review: Off to a Busy Start US equity indexes were higher on the week: DJIA +1.6%, S&P 500 +1.8%, NASDAQ +2.4%. Democratic Senate candidates won their respective races in Georgia, giving the Democratic party a Senate majority. Wednesday’s turmoil at the US Capitol, which interrupted the counting of…

Week In Review: The Roll-Out US equity indexes were higher on the week: DJIA +1.3%, S&P 500 +1.4%, NASDAQ +0.7%. It was a holiday shortened trading week. The market focused on the size of the US stimulus bill, the rising coronavirus case count as well as the new strain of…