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Weekly Market Recap

“Equities bounced back last week despite surging covid-19 cases in many parts of the world.”

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Weekly Market Recap

Last week was a challenging one for most risk assets, as investors recalibrated their global growth expectations in the face of the rapidly spreading delta variant of SARS-CoV-2. In the US, large cap stocks were mostly lower, with only traditional defensives like utilities (+2.6%) , staples (+1.3%), and real estate (+0.7%) registering small gains. Cyclicals […]

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Weekly Market Recap

Bit of a mixed bag last week, as most US large caps finished higher (exceptions included financials and energy), while small/midcaps and international stocks pulled back a bit. Bond markets rallied and commodities were slightly lower as concerns lingered regarding the delta variant’s impact on global growth. Meanwhile, the US labor market continues to improve, with lots of jobs available while new and continuing jobless claims edge lower week by week.

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Weekly Market Recap

Rates and commodity prices moved higher last week, while most bond and equity prices moved lower. Economic news was all good, including consumer confidence, durable goods orders, home prices, jobless claims, and of course, that hefty Q1 GDP print of +6.4% q/q annualized.

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Weekly Market Recap

Tough week for oil prices and energy stocks last week; investors have become increasingly concerned about a demand shock as parts of Europe institute new lockdowns to combat rising covid-19 case counts. Meanwhile, incoming economic data was mixed. Most importantly though, the Fed reiterated its commitment to keeping rates at zero and maintaining asset purchases until substantial further progress has been made towards full employment. Enjoy!