Is it time to rotate?
The S&P 500, on Friday, snapped a three week win streak, but the bigger story was the benchmark index closing out the first six months of 2024 with a whopping 14.5% advance. The stellar H1 2024 performance that saw the S&P go on a record breaking spree was...
Pay day from Wall Street
The S&P 500 posted a three week win streak on Friday, though Wall Street's bull market stalled on Thursday and Friday. The biggest highlight of the week was chipmaker Nvidia becoming the world's largest publicly listed firm by market capitalization. For the week,...
Sticking with the plan
The S&P 500 on Friday notched its best weekly advance in over a month, primarily on the back of surprisingly soft inflation data. The headline consumer price index for May came in flat in what was its first unchanged reading since July 2022. The consumer inflation...
When good news is bad news
Stock indexes fell slightly on Friday but still finished higher for the week after U.S. payrolls rose much more than expected in May, dimming hopes for interest rate cuts any time soon. Employers added 272,000 new jobs, while average hourly earnings over the past 12...
Is it time to cut interest rates?
After a five week win streak, the S&P 500 logged its first weekly decline marking an end to an eventful May. On Friday, the Federal Reserve's preferred inflation gauge, the core PCE Price Index, met consensus for April despite a bigger than anticipated easing in...
Two Track Stock Market
Economic growth has cooled noticeably in recent quarters. GDP growth clocked in with an impressive 4.9% reading in the Q3 2023. In the fourth quarter, growth fell to 3.4% before being chopped more than half to 1.6% in the preliminary reading of Q1 2024. In addition,...
Dow Crosses 40,000
Wall Street witnessed a record-breaking week, primarily driven by the latest consumer inflation data. On Wednesday, the headline consumer price index (CPI) for April came in at 3.4%, while the core CPI cooled for the first time since October 2023. Following the data,...
Go high in May?
The S&P 500 on Friday notched a third straight week of gains, and the index has now erased nearly all of its April losses. This week's advance was driven by an uptick in Federal Reserve interest rate cut expectations, primarily on the back of further evidence that...
What can go wrong?
An eventful five trading days for Wall Street saw the S&P 500 post back to back weekly gains. The Federal Reserve helped with a much more dovish than expected stance at its latest monetary policy decision on Wednesday. Aside from the central bank, this week also...