Risk assets rallied around the world last week, with equities, bonds, andcommodities all moving higher. In US equity markets, the Dow and S&P 500both finished the week at fresh all-time highs, while the Nasdaq closed lessthan 1% off of the high set back in February. Small and midcap indices delivered strong performance on the week, […]
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!