Tag: market commentary

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Weekly Market Recap

Post author By Michael Kessler
Post date February 14, 2022

US large caps moved lower last week in the wake of higher-than-expected inflation data, with tech and other growth sectors underperforming while cyclicals (especially energy) held up better. Small and midcap benchmarks managed to finish the week in the green, as did international stocks. Rates continued to move higher last week, particularly in the front […]

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Weekly Market Recap

Post author By Michael Kessler
Post date January 24, 2022

Financial markets went into full risk-off mode last week, with equities moving lower, the Treasury yield curve flattening, credit spreads widening, and the dollar stronger. An uptick in jobless claims suggests that omicron is having an impact on demand, while investors continue to grapple with the hard pivot in Fed policy. US large caps were […]

Tags 10year us treasuries, 3m libor, basic materials sector, building permits, commodity prices, communications sector, conference board lei, consumer confidence, consumer discretionary sector, consumer staples sector, core pce, corporate bond spreads, currency crosses, dji, dow jones, energy sector, equity indices, fed funds target floor, financials sector, fixed mortgage rate, gasoline prices, gdp browth, global bonds, gold prices, healthcare sector, industrials sector, inflation, information technology sector, initial jobless claims, ism manufacturing pmi, key leading economic indicators, macroeconomic data, market commentary, market data, msci eafe, msci em, muni bonds, nasdaq, natural gas prices, oil prices, prime rate, real estate sector, real final sales, risk assets, Russell 2000, s&p 500, S&P midcap 400, sector total returns, Treasuries, treasury yield curve, unemployment, us bonds, us high yield corporate bonds, us interest rates, us investment grade corp bonds, utilities sector, weekly market recap, weekly recap, west texas intermediate

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Weekly Market Recap

Post author By Michael Kessler
Post date January 11, 2022

In a move that echoed the early days of 2021, markets got off to a rough start during the first week of 2022 as rising bond yields pushed discount rates higher for all risk assets. The release of the December FOMC minutes provided a clearer window into the Fed’s current thinking on inflation risks, and […]

Tags 10year us treasuries, 3m libor, basic materials sector, building permits, commodity prices, communications sector, conference board lei, consumer confidence, consumer discretionary sector, consumer staples sector, core pce, corporate bond spreads, currency crosses, dji, dow jones, energy sector, equity indices, fed funds target floor, financials sector, fixed mortgage rate, gasoline prices, gdp browth, global bonds, gold prices, healthcare sector, industrials sector, inflation, information technology sector, initial jobless claims, ism manufacturing pmi, key leading economic indicators, macroeconomic data, market commentary, market data, msci eafe, msci em, muni bonds, nasdaq, natural gas prices, oil prices, prime rate, real estate sector, real final sales, risk assets, Russell 2000, s&p 500, S&P midcap 400, sector total returns, Treasuries, treasury yield curve, unemployment, us bonds, us high yield corporate bonds, us interest rates, us investment grade corp bonds, utilities sector, weekly market recap, weekly recap, west texas intermediate

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Year-End 2021 Market Recap

Post author By Michael Kessler
Post date January 7, 2022

SARS-CoV-2: The world experienced a number of twists and turns in the pandemic during the course of 2021. Vaccine rollouts during the first half of the year drove case counts lower in much of the developed world. The summer and early fall were dominated by the delta variant, which proved especially deadly for the unvaccinated. […]

Tags 10year us treasuries, 2021 market recap, 3m libor, basic materials sector, building permits, commodity prices, communications sector, conference board lei, consumer confidence, consumer discretionary sector, consumer staples sector, core pce, corporate bond spreads, currency crosses, dji, dow jones, energy sector, equity indices, fed funds target floor, financials sector, fixed mortgage rate, gasoline prices, gdp browth, global bonds, gold prices, healthcare sector, industrials sector, inflation, information technology sector, initial jobless claims, ism manufacturing pmi, key leading economic indicators, macroeconomic data, market commentary, market data, market recap, msci eafe, msci em, muni bonds, nasdaq, natural gas prices, oil prices, prime rate, real estate sector, real final sales, risk assets, Russell 2000, s&p 500, S&P midcap 400, sector total returns, Treasuries, treasury yield curve, unemployment, us bonds, us high yield corporate bonds, us interest rates, us investment grade corp bonds, utilities sector, weekly recap, west texas intermediate

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Weekly Market Recap

Post author By Michael Kessler
Post date December 20, 2021

Markets took a risk-off tone last week as investors grappled with the twin concerns of rising covid-19 case counts and an inflation-fighting Fed. As was widely expected, Fed Chair Jerome Powell announced an increase in the pace of asset purchase tapering, and the updated “dot plot” indicated that FOMC members expect 3 rate hikes by […]

Tags 10year us treasuries, 3m libor, basic materials sector, building permits, commodity prices, communications sector, conference board lei, consumer confidence, consumer discretionary sector, consumer staples sector, core pce, corporate bond spreads, covid19, currency crosses, dji, dow jones, energy sector, equity indices, fed funds target floor, financials sector, fixed mortgage rate, gasoline prices, gdp browth, global bonds, gold prices, healthcare sector, industrials sector, inflation, information technology sector, initial jobless claims, ism manufacturing pmi, key leading economic indicators, macroeconomic data, market commentary, market data, msci eafe, msci em, muni bonds, nasdaq, natural gas prices, oil prices, prime rate, real estate sector, real final sales, risk assets, Russell 2000, s&p 500, S&P midcap 400, sector total returns, Treasuries, treasury yield curve, unemployment, us bonds, us high yield corporate bonds, us interest rates, us investment grade corp bonds, utilities sector, weekly market recap, weekly recap, west texas intermediate

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Weekly Market Recap

Post author By Michael Kessler
Post date December 13, 2021

Last week was a strong one for risk assets as it became increasingly clear that while highly contagious, the omicron variant is very likely to cause a lower rate of serious disease and death than previous strains of the coronavirus. Most bond prices fell as the Treasury curve experienced significant bear steepening: 2y yields rose […]

Tags 10year us treasuries, 3m libor, basic materials sector, building permits, commodity prices, communications sector, conference board lei, consumer confidence, consumer discretionary sector, consumer staples sector, core pce, coronavirus, corporate bond spreads, currency crosses, dji, dow jones, energy sector, equity indices, fed funds target floor, financials sector, fixed mortgage rate, gasoline prices, gdp browth, global bonds, gold prices, healthcare sector, industrials sector, inflation, information technology sector, initial jobless claims, ism manufacturing pmi, key leading economic indicators, macroeconomic data, market commentary, market data, msci eafe, msci em, muni bonds, nasdaq, natural gas prices, oil prices, omicron variant, prime rate, real estate sector, real final sales, risk assets, Russell 2000, s&p 500, S&P midcap 400, sector total returns, Treasuries, treasury yield curve, unemployment, us bonds, us high yield corporate bonds, us interest rates, us investment grade corp bonds, utilities sector, weekly market recap, weekly recap, west texas intermediate

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Weekly Market Recap

Post author By Michael Kessler
Post date December 6, 2021

Risk assets were whipsawed last week by shifting sentiment around omicron and US monetarily policy. While it is increasingly clear that omicron is already widespread in the US, there is growing optimism that existing vaccines will provide protection against severe disease and death, AND that omicron may be more likely to cause milder cases of […]

Tags 10year us treasuries, 3m libor, basic materials sector, building permits, commodity prices, communications sector, conference board lei, consumer confidence, consumer discretionary sector, consumer staples sector, core pce, corporate bond spreads, currency crosses, dji, dow jones, energy sector, equity indices, fed funds target floor, financials sector, fixed mortgage rate, gasoline prices, gdp browth, global bonds, gold prices, healthcare sector, industrials sector, inflation, information technology sector, initial jobless claims, ism manufacturing pmi, key leading economic indicators, macroeconomic data, market commentary, market data, msci eafe, msci em, muni bonds, nasdaq, natural gas prices, oil prices, omicron, prime rate, real estate sector, real final sales, risk assets, Russell 2000, s&p 500, S&P midcap 400, sector total returns, Treasuries, treasury yield curve, unemployment, us bonds, us high yield corporate bonds, us interest rates, us investment grade corp bonds, utilities sector, weekly market recap, weekly recap, west texas intermediate

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Weekly Market Recap

Post author By Ryan Jacobs
Post date December 2, 2021

News of the omicron variant sent stocks tumbling on Friday, pushing all major equity indices into the red for the week. The Nasdaq was the worst performer, as concerns about rising rates had dented longer-duration growth stocks even before Friday’s move. Small and midcap stocks underperformed large caps, while international stock underperformed the US. In […]

Tags 10year us treasuries, 3m libor, basic materials sector, building permits, commodity prices, communications sector, conference board lei, consumer confidence, consumer discretionary sector, consumer staples sector, core pce, corporate bond spreads, currency crosses, dji, dow jones, energy sector, equity indices, fed funds target floor, financials sector, fixed mortgage rate, gasoline prices, gdp browth, global bonds, gold prices, healthcare sector, industrials sector, inflation, information technology sector, initial jobless claims, ism manufacturing pmi, key leading economic indicators, macroeconomic data, market commentary, market data, msci eafe, msci em, muni bonds, nasdaq, natural gas prices, oil prices, prime rate, real estate sector, real final sales, risk assets, Russell 2000, s&p 500, S&P midcap 400, sector total returns, Treasuries, treasury yield curve, unemployment, us bonds, us high yield corporate bonds, us interest rates, us investment grade corp bonds, utilities sector, weekly market recap, weekly recap, west texas intermediate

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Weekly Market Recap

Post author By Michael Kessler
Post date November 15, 2021

Most US equity indices finished the week slightly lower, due in large part to a higher-than-expected consumer price inflation (CPI) print for the month of October. Core inflation (ex food and energy) rose to 4.6% y/y, while headline inflation exceeded 6% for the first time since 1990. See the Chart of the Week for a […]

Tags 10year us treasuries, 3m libor, basic materials sector, building permits, commodity prices, communications sector, conference board lei, consumer confidence, consumer discretionary sector, consumer staples sector, core pce, corporate bond spreads, currency crosses, dji, dow jones, energy sector, equity indices, fed funds target floor, financials sector, fixed mortgage rate, gasoline prices, gdp browth, global bonds, gold prices, healthcare sector, industrials sector, inflation, information technology sector, initial jobless claims, ism manufacturing pmi, key leading economic indicators, macroeconomic data, market commentary, market data, msci eafe, msci em, muni bonds, nasdaq, natural gas prices, oil prices, prime rate, real estate sector, real final sales, risk assets, Russell 2000, s&p 500, S&P midcap 400, sector total returns, Treasuries, treasury yield curve, unemployment, us bonds, us high yield corporate bonds, us interest rates, us investment grade corp bonds, utilities sector, weekly market recap, weekly recap, west texas intermediate

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Weekly Market Recap

Post author By Michael Kessler
Post date November 8, 2021

Tapering is upon us at last. In a move that surprised no one, the US Federal Reserve announced on Wednesday that it would begin tapering its monthly purchases of Treasuries and MBS by approximately $15 billion per month, beginning immediately. Given the previous run rate of $120 billion per month, it would take 8 months […]

Tags 10year us treasuries, 3m libor, basic materials sector, building permits, commodity prices, communications sector, conference board lei, consumer confidence, consumer discretionary sector, consumer staples sector, core pce, corporate bond spreads, currency crosses, dji, dow jones, energy sector, equity indices, fed funds target floor, financials sector, fixed mortgage rate, gasoline prices, gdp browth, global bonds, gold prices, healthcare sector, industrials sector, inflation, information technology sector, initial jobless claims, ism manufacturing pmi, key leading economic indicators, macroeconomic data, market commentary, market data, msci eafe, msci em, muni bonds, nasdaq, natural gas prices, oil prices, prime rate, real estate sector, real final sales, risk assets, Russell 2000, s&p 500, S&P midcap 400, sector total returns, Treasuries, treasury yield curve, unemployment, us bonds, us high yield corporate bonds, us interest rates, us investment grade corp bonds, utilities sector, weekly market recap, weekly recap, west texas intermediate