Equity markets rallied, and interest rates moved slightly higher last week. Tax reform, the Russia probe, Jerome Powell’s Senate confirmation hearing, and a big week for retail were the primary highlights. The stock market highlighted bot [...]

The holiday shortened Thanksgiving week came with a light economic calendar, little meaningful market related news, and another all-time high for the S&P 500. As Strategas pointed out last week, global growth is making politics digest [...]

Tax reform dominated market headlines this week. The S&P 500 has traded down six of the past nine days, a mere 0.75%, and if you read many in the ‘pundit’ community, the bear has been awoken! Not so, we suspect. Corporate earnings, mo [...]

The momentum trade that powered the S&P 500 to eight straight weeks of gains finally took a breather last week. All three large cap U.S. equity indices lost approximately 0.50% while small caps fell over 1%. Much of the softness in th [...]

The Dow, S&P 500, and NASDAQ all notched new record highs last week. Overall, equities were mixed with tech and energy stocks posting nice gains while small caps lost ground. The yield curve flattened meaningfully with short rates (2y [...]

Robust technology sector earnings propelled U.S. equity markets, interest rates, and commodities higher. The S&P 500 has brushed off “Washington chaos”, “North Korea”, “Fed rate hikes”, “excessive valuations”, and a weak run of econom [...]

U.S. equity markets hit record highs across the board last week while we saw some weakness in the overseas equity markets. Supportive narratives included strong corporate earnings and a DC budget approval, which still requires compromise [...]