“Equities bounced back last week despite surging covid-19 cases in many parts of the world.”
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 […]
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.
“…on Friday, equities of all stripes got a boost when the US Nonfarm Payroll Report came in significantly below expectations, calming inflation fears…”
Equities were mixed last week as the world watched the Suez Canal drama unfolding. Most sectors generated positive returns allowing the S&P 500 and the Dow to finish the week higher, while price declines in some large-cap communications names pulled the Nasdaq lower. Small caps were also lower on the week, as were many international […]