Major US equity indices posted solid gains this week, with the S&P and Nasdaq rising after starting the year with two weekly declines. It was a big data week, with the most notable release being Wednesday's December CPI report. Washington remained in the headlines this week, though events did little to satisfy the market's craving for more clarity …

US equities were mostly lower in somewhat choppy Thursday trading. There were a few moving pieces today, including the barrage of economic data that featured softer headline retail sales, better control group sales, a blowout Philly Fed, bigger-than-expected increase in claims, and higher import and export prices. The start of bank earnings season …

US equities closed sharply higher in Wednesday trading, with the Dow Jones, S&P500, and Nasdaq finishing up 165bps, 183bps, and 245bps respectively, in the wake of a softer-than-feared December core CPI reading. Bank earnings were another bright spot with better 2025 net interest income guidance the big takeaway. Fed's latest Beige Book noted sligh…

US equities mostly higher in Tuesday trading, though stocks finished off best levels. Today's cooler core PPI print helped ease some inflation anxieties. Report Trump tariffs could be implemented gradually seen as a positive. NFIB small business optimism surged again in December.Di Factset

US equities were mostly higher in Monday trading as stocks ended near best levels. However, breadth was positive today, though offset by tech weakness, which plays into the narrative around rotation into value and cyclicals. A light day of data included the New York Fed’s 1-year inflation expectations unchanged at 3%.…

US equities were lower this week, with the S&P 500 and Nasdaq both down for a second-straight week (and the S&P off for the fourth week in the past five). Following Friday's blowout December payrolls report, the 2Y yield touched the highest level since October and 10Y the highest since November 2023. After payrolls, market pricing showed less than …

US equities were narrowly mixed in fairly choppy Wednesday trading, though stocks finished off worst levels, with the Dow Jones and S&P500 closing up 25bps and 16bps, while the Nasdaq closed down 6bps. FOMC minutes noted participants felt that still-elevated inflation, strong consumer spending, and reduced risks to the labor market underlined the n…

US equities were lower in Tuesday afternoon trading as S&P 500, Nasdaq both posted worst session since 18-Dec. Growth under pressure in a reversal of yesterday's move. Big tech largely underperformed. Hawkish macro data the big headwind to stock. AI takeaways from CES largely upbeat. November JOLTS job openings little changed m/m but higher than ex…

US equities ended mixed Monday, near worst levels. There were a few moving pieces to today's upside, though AI optimism was the biggest upside driver. November factory orders fell point 4% month over month, missing consensus for a point 3% decline.Di Factset

Major US equity indices were mostly lower this week after finishing 2024 with double-digit gains. The Market started the new year off on a more defensive tone as favorable December seasonality and expectations for a post-election rally failed to materialize. Still, the Street is broadly optimistic on 2025 with analysts expecting continued economic …

US equities finished lower in Thursday trading, ending somewhat off worst levels. The market continued to have difficulty maintaining positive traction after another session where early strength faded into the afternoon. In macro news, initial jobless claims printed at 211 K for the latest week, down week over week and below consensus.…

US equities finished lower in Tuesday trading, ending near worst levels. Very little on the schedule in the way of economic releases or corporate updates. Market was unable to hold onto some morning strength, feeding into continued commentary about how Santa Claus rally/favorable December seasonality has failed to materialize.…

US equities finished lower in Monday trading, though ended well off worst levels. US equities finished lower in Monday trading, though ended well off worst levels. November pending-home sales were up 2 point 2% month over month, slightly stronger than forecast, though October results were revised down.…

Major US equity indices were lower this week, weighed down by a big Wednesday slide that saw the S&P post its second-weakest day of the year. Wednesday's December FOMC meeting was the critical event of the week. Analysts had firmly expected the 25 bp rate cut it delivered and were looking for some signal the Fed could pause rate cuts in January, bu…

US equities were mostly lower in Thursday trading as stocks ended near worst levels. The market came off premarket early session strength following a big Thursday selloff chalked up to the hawkish guidance that accompanied the Fed's 25 basis point rate cut. In macro news, weekly initial jobless claims came in at 220K, below consensus and a notable …

US equities were lower in Wednesday trading as stocks ended near worst levels following the FOMC decision, with the Dow Jones, S&P500, and Nasdaq closing down 258bps, 295bps, and 356bps respectively. Today’s Hawkish Fed rate cut was an overhang as the Fed cut rates by 25 bp, as expected, but guidance language in its statement was tweaked in a hawki…

US equities were lower in fairly quiet Tuesday trading. Tech strength has been accompanied by underperformance in cyclicals/value, along with rate-sensitive plays. Headline November retail sales up 0.7% m/m. November industrial production surprised negative, capacity utilization also missed. December NAHB homebuilder confidence unchanged from Novem…

US equities were mostly higher in Monday trading as stocks ended a bit off best levels, though Nasdaq finished at a fresh record high. Some of today's specific tailwinds include a rally in the semis and AI space, tabbed momentum following last week's Broadcom results, and an AI-driven Tesla upgrade. In macro news, December’s flash Markit Manufactur…

Major US equity indices were mostly lower for the week after putting in a mixed performance last week. Stretched valuations was one of the major go-to excuses for a more defensive tone this week, with the market now largely in waiting-mode ahead of the 18-Dec FOMC announcement, though the market is pricing in a nearly 100% chance of a 25 basis-poin…

US equities were down in Thursday trading, selling off through the afternoon and ending near session lows. It was an overall weaker day with negative breadth and lacking the recent support that has been coming from Mag 7 names and the broader tech space. In macro news, November headline PPI is up 0.4% month over month, hotter than the 0.3% consensu…