Last Week In ReviewLast week stocks moved sharply lower—if in a week of primarily light summer trading—as investors became less optimistic that the Federal Reserve would be able to tame inflation without causing a significant economic slowdown. Technology and other...
Last Week In ReviewLast week stocks gave back a portion of the month’s substantial gains after a prominent “hawkish” Federal Reserve policymaker appeared to dampen hopes that inflationary pressures had peaked. The growth-oriented technology and communication services...
Last Week In ReviewLast week stocks rallied after data showed signs that inflation, while still elevated on an annualized basis, had started to slow, supporting the view that the rise in consumer prices may have peaked. Federal Reserve officials reiterated that the...
Last Week In ReviewLast week stocks were mixed as a much stronger-than-expected jobs report revived investor concerns that the Federal Reserve will need to maintain an aggressive pace of interest rate hikes to tamp down high inflation. The Nasdaq Composite. Russell...
Global equities steamed ahead in July; the MSCI All Country World Index (ACWI) rose 6.98% -- its best monthly return since November 2020. That July performance was a welcome contrast from the previous six months when stocks tumbled 22.26% peak-to-trough from January...
Last Week In ReviewLast week, stocks posted solid gains despite another outsized 75-basis-point rate hike from the Federal Reserve and news that the economy contracted at a 0.9% annual rate in the second quarter. The “bad news is good news” dynamic appeared to have...