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Summary Equities were little changed this week, with the S&P 500 and Dow both up +0.22% and the Nasdaq up +0.16%, while the 10-year Treasury yield climbed +9 basis points to 4.77%. On the economic data, the S&P Global Manufacturing PMI rose to 53.9 from 53.2 while the Services PMI came in at 56.5, with […]

Summary Equities rebounded this week after last week’s pullback, rising across the board with the Nasdaq leading at +1.82%, the Dow up +1.54%, and the S&P 500 gaining +1.18%, as the 10-year Treasury yield fell down −2 basis points to 4.68%. On the economic data, a preliminary reading of the S&P Global US Manufacturing PMI […]

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Summary Equities fell across the board this week, with the Nasdaq leading the decline at −2.75%, the S&P 500 down −2.02%, and the Dow down −2.01%, as the 10-year Treasury yield rose +7 basis points to 4.71%. On the economic data, retail sales posted their first decline in nine months in July, falling −0.6% on weakness […]

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Summary Equities were mixed this week, with the Nasdaq leading at +1.73% and the S&P 500 gaining +1.15%, while the Dow slipped -0.08%, as the 10-year Treasury yield edged down -3 basis points to 4.65%. The labor market showed clear signs of cooling, as the July nonfarm payrolls report revealed the US economy lost 23,000 […]

Summary Equities rallied sharply this week, with the Nasdaq leading at +4.88%, the S&P 500 gaining +3.66%, and the Dow advancing +3.21%, as the 10-year Treasury yield increased by +1 basis point to 4.68%. Economic data was broadly constructive, with University of Michigan sentiment rising to 55.2 in July, its highest level since February, and the […]

Summary Equities were mixed this week, with the Dow leading at +0.96% and the S&P 500 gaining +0.40%, while the Nasdaq slipped -0.06%, as the 10-year Treasury yield edged down -2 basis points to 4.67%. Economic data was mixed, with New Home Sales rebounding +1.6% in June, durable goods orders rising +0.3%, and PCE softening […]