Last week saw most major U.S. equity indices post new highs while interest rates drifted lower for the second week in a row.  The S&P 500’s return thus far in 2017 has been driven largely by technology (23.7%) and healthcare (18.6%) w [...]

U.S. equity markets closed at fresh record highs last week while Treasury yields declined.  A good start to corporate earnings, moderate economic data, and what was deemed dovish testimony from Janet Yellen all played into the week’s narr [...]

Last week delivered the July 4th holiday and kicked off the second half of 2017.  The mid-week day off most definitely translated into high volumes of email auto-responses and relatively low trading volume on U.S. exchanges.  U.S. equity [...]

Global central bank narratives last week drove bond yields higher and put a charge of volatility into equity markets. The tech selloff continued and interest rate sensitive sectors (utilities) struggled while energy stocks enjoyed a bear [...]

Major U.S. equity indices managed to seek out a small gain last week while the NASDAQ tacked on 1.8%, led by a strong rally in tech and healthcare names. Despite the scandal ridden headlines throughout 2017, the S&P 500 hit its 24th a [...]

A mixed week fundamentally produced modest gains in both stock and bond markets, two moves that seem somewhat at odds with one another – investors buying stocks and safe-haven bonds simultaneously. The FOMC mid-week meeting was the primar [...]

Markets absorbed what seems like four years’ worth of drama with a collective shrug this week between the highly anticipated Comey congressional testimony and the UK snap election turnabout. Comey offered no material new information and o [...]