Market Turbulence Picks Up as Higher-for-Longer Narrative Takes Hold

The S&P 500 fell more than -4% in April as markets grappled with significant changes to expectations around interest rate cuts in 2024, following a third disappointing inflation report in a row to start the year. These reports have shown inflations decline essentially flat lining since last fall, with markets gradually moving their rate cut … Continued

Q1 2024 Review: Great Quarter for Stocks, But Rain Clouds Are Forming

The S&P 500 gained over +10% in the first three months of 2024, extending a rally going back to October 2022, during which the index has now gained over +40%. Optimism around a resilient U.S. economy, declining inflation, and new technology innovations such as artificial intelligence have all helped drive the market higher through this … Continued

Q4 Has Been Choppy for Stocks, with Bond Market Driving Most of the Action

As a forgettable October came to an end, the S&P 500 rallied in the final week for its best weekly performance since November 2022 — and continued the rally into November, gaining in 9 of 10 trading days through November 10. The rally kicked into gear following the Federal Reserve’s November 1 meeting, where comments … Continued

Third Quarter Review: Yields Spike, Stocks Slump as Fed Signals Higher Rates for Longer

September lived up to its reputation as a tough month for stocks, as markets across the board struggled and the S&P 500 finished down nearly -5% for the month. The U.S. 10-year treasury yield spiked to levels not seen since 2007, and the popular 30-year fixed rate mortgage rose to its highest level since 2000, … Continued