Hennion & Walsh Trending

Last Week’s Markets in Review: Santa Delivers Some Early Gifts in 2023

After delivering record-breaking Black Friday sales that we reported last week, the U.S. consumer continued to spend aggressively with jaw-dropping online purchases on Cyber Monday. Despite rising prices, consumers spent $12.4 billion, according to Adobe Analytics, representing a year-over-year increase of 9.6% ... Read More

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Last Week’s Markets in Review: Black Friday Sales and Markets Move Higher

With the Thanksgiving Holiday celebrated last week, we hope our readers, clients, and friends had a truly enjoyable time with loved ones. We would also like to express our heartfelt thanks to our clients for having the confidence in us to provide financial services and advice to them ... Read More

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Last Week’s Markets in Review: Markets Give Thanks to the Fed…for Now

Inflation, as measured by the Consumer Price Index (CPI), was flat in October from its previous reading, giving fresh hope to the market that monetary policies have been effective in helping drive down inflated prices – though there is still more work to be done. The fresh reading from the U.S. Bureau of Labor Statistics (BLS) was the lowest reading for the index in two years and just a 3.2% year-over-year increase ... Read More

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Last Week’s Markets in Review: Fed Presidents Provide Interest Rate Outlooks

With very little economic data released during the past week, investors' attention was focused on the comments of numerous Federal Reserve Officials, including Chairman Powell. Market observers were intently interested in these comments as they tried to determine the Fed's next interest rate decision and monetary policy's future direction ... Read More

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Last Week’s Markets in Review: Fed Can’t Spook Markets

As widely expected, the Federal Reserve "paused again" for the second consecutive meeting and the third time in 2023, keeping the Fed Funds Target Rate within its current range of 5.25%-5.50%. Also, as expected, the Federal Reserve confirmed its commitment to bringing inflation closer to its target rate of 2% and its data dependency on potential future rate hikes. Markets reacted positively to the Fed's announcement and the prospect of a true ending to monetary tightening. For the first time in Fed Chair Jerome Powell's press conference, he openly suggested that "We are close to the end of the cycle" but still fell short of admitting that there won't be any more future rate hikes ... Read More

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Last Week’s Markets in Review: GDP and Earnings Surprise to Upside

Over the past week, events in the Middle East have been on most investors' minds. Aside from the devastating human toll, the geopolitical risks are affecting all financial markets, and the potential escalation of the conflict between Israel and Hamas is impacting the global economy ... Read More

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Last Week’s Markets in Review: Treasuries Reach Yields Last Seen in 2007

For the first time since 2007, just before the commencement of the global financial crisis, the 10-year U.S. Treasury reached a yield of 5% this past week. Despite global tensions that would typically drive a flight to safety, and hence investment flows into U.S. Treasuries, forcing yields lower, other economic forces have outweighed the shelter of U.S. credit and pushed yields higher ... Read More

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Last Week’s Markets in Review: Markets Digest Inflation and Geopolitical Turmoil

The yield on 10-year U.S Treasuries hit a 16 year high during the past week, reaching a level of 4.88% following a hawkish outlook from the Federal Reserve and rising concerns over U.S. government deficit spending ... Read More

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