Last week, U.S. markets (S&P 500) managed to notch two more record highs, looking past the looming government shutdown and rising interest rates. Market internals rotated out of the more cyclical sectors (energy, industrials, consumer [...]

Last week, global equity markets continued their strong start to 2018 supported by improving global economic fundamentals, a positive earnings outlook, robust fiscal stimulus (tax reform), and a six-month high in global equity market infl [...]

Equity markets kicked off 2018 on a positive note with all market sectors apart from defensive oriented utilities and consumer staples posting gains. Both oil and U.S. Treasury yields moved higher as well. Yields moved notably higher in m [...]

U.S. equity markets softened a bit in the final, holiday shortened week of the year. Year‐end profit taking across large cap technology stocks acted as a headwind to major indices. Commodity markets rallied to close out the year, likely a [...]

The big three U.S. equity indices (DJIA, S&P 500 NASDAQ) all finished at record highs last week as the GOP tax overhaul and a stopgap funding bill to keep the government funded through mid-January both were signed. The fifth largest t [...]

Last week, eyes were trained on the progress of the $1.5t GOP tax package and a plethora of central bank meetings including the Fed, Bank of England, People’s Bank of China, European Central Bank, and the Swiss National Bank. The House is [...]

Last week eyes were trained on the conference committee charged with reconciling the House and Senate tax bills. Potentially significant investment and economic implications are likely, which is being reflected in market action. Interesti [...]