Tag Archives: Large Cap

  • Last Week’s Markets in Review: Market Momentum Takes Rotational Shift

    Stock market momentum stalled over the past week as a rotational shift amongst investors ended a torrid run by the S&P 500 index. The change in expectations over interest rates that we discussed in last week's update by the futures markets had market participants shifting into small-cap equities that typically benefit the most from a reduction in interest ... Read More

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  • Last Week’s Markets in Review: Inflation Falls

    The consumer price index fell by 0.1% in June on a month-over-month basis, marking the first time in over four years that the inflation rate dropped. The monthly print would also bring the year-over-year inflationary rate to 3%. When excluding volatile prices of food and energy, the core reading showed inflation at 3.3% annually, which was still below the 3.4% forecast by economists. While the Fed targets 2% annual inflation, the June CPI report suggests that prices are trending in the right direction ... Read More

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  • Last Week’s Markets in Review: Employment Data Moves Stocks Higher

    During the shortened trading week when our Nation celebrated Independence Day, there was a bountiful amount of employment data and comments from Federal Reserve Chairman Powell ... Read More

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  • Last Week’s Markets in Review: First Half Ends Slower

    In May, the U.S. Federal Reserve's favored inflation measure aligned with forecasts, maintaining hopes that interest rates might decrease sooner than policymakers projected. The core Personal Consumption Expenditures (PCE) Price Index, which excludes volatile energy and food prices, rose by 2.6% year-over-year, a slowdown from April's 2.8% rate. Monthly core PCE inflation increased by 0.1%, compared to a 0.2% rise in April ... Read More

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  • Last Week’s Markets in Review: Markets Reflect the Summertime Pace

    If the nationwide heat wave from last week did not signal that we have entered the summer season, the limited amount of economic data released confirmed the calendar. The week was also affected by the Juneteenth national holiday, as the markets were closed last Wednesday in observance of the day ... Read More

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  • Last Week’s Markets in Review: Rate Cut Expectations Shift

    Happy belated Father's Day to all! Last week, the Federal Reserve's updated Dot Plot chart showed that they took away two potential 25 Bp interest rate cuts in 2024 and added one each to 2025 and 2026, respectively, despite raising their inflation forecast for 2024 again - this time to 2.8%. Hence, they are still projecting 225 Bp in rate cuts by the end of 2026 ... Read More

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  • Last Week’s Markets in Review: Will Recent Jobs Data Influence the Fed?

    The economic news flow during the first week of June was focused on the current state of the employment market. Throughout the week, market participants reviewed and analyzed the Job Openings and Labor Turnover Survey (JOLTS) for April, Weekly Jobless Claims, and the Employment Situation report for May. We continue to follow the domestic employment environment as a key determinant of performance for the overall economy, remembering that consumers account for approximately 70% of economic activity ... Read More

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  • Last Week’s Markets in Review: Europe Likely to Cut Interest Rates Before U.S.

    Eurozone inflation accelerated in May due to a rise in service prices, but this rise isn't expected to deter the European Central Bank (ECB) from cutting interest rates next week as planned. For the month, inflation rose to 2.6% from 2.4%, slightly exceeding economists' expectations. The ECB is confident that inflation will stabilize around their 2% target by mid-next year, supported by falling energy and food prices. However, policymakers are wary of sustained wage increases leading to higher service costs and inflation ... Read More

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