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Market Notebook
Discussion - Equities retreated last week while bonds remained within a consolidation pattern. The pullback in the S&P 500 took the index below its 20-day exponential moving average. In the past several months, moves below the 20-day EMA have...
Market Notebook
Discussion - Global equities ripped higher last week while the bond complex generally consolidated in a range. Chart price action across multiple instruments suggests market participants believe that growth will remain strong and inflation under...
Market Notebook
Discussion - Global equities performed well during the last week while the bond complex generally consolidated in a range.The Conference Board's Leading Economic Index registered a substantial increase in July, suggesting the real economy is...
Market Notebook
Discussion - Broader U.S. equities as measured by the ticker SPY corrected early in the week and then recovered sharply towards the end of last week. U.S. equity market price action contrasts with many global markets ex-U.S., which sold off last...
Market Notebook
Discussion - Broader US equities as measured by the ticker SPY closed at record highs last week, while technology sector stocks as measured by the ticker XLK remained rangebound. This dynamic is not particularly surprising nor concerning.As...
Market Notebook
Discussion - U.S. equities broke higher out of their recent trading range while bond prices corrected sharply lower. Bond price action was quite the show last week as bond prices squeezed above recent highs and then promptly sold off. Price action...
Market Notebook
<CLICK HERE TO READ THIS WEEK'S NOTEBOOK> U.S. equities consolidated on the week while global equities were mixed. When categorized by market cap, small to mid-size companies generally outperformed large companies on the week. Bond prices...
Market Notebook
<CLICK HERE TO READ THIS WEEK'S NOTEBOOK> U.S. equities made a stunning recovery last week while bonds settled within their recent range. The Conference Board's Leading Economic Index increased for June suggesting the potential for...
Market Notebook
<CLICK HERE TO READ THIS WEEK'S NOTEBOOK> Global equities, including U.S. equities, came under pressure last week while bonds consolidated in a newly formed, higher range. Consolidations or corrections in markets that are exhibiting signs...
Market Notebook
<CLICK HERE TO READ THIS WEEK'S NOTEBOOK> U.S. equities performed well last week along with bond prices, albeit with increased volatility. Interestingly, there was some divergence across durations in bonds and divergence globally in...