Stocks Rally as Market Leadership Shifts in Early 2025
Stocks traded higher to start 2025, but there was a change in market leadership as the rally broadened. Large Cap Value, which underperformed over the past 12 months, outperformed Large Cap Growth by over +2.5% in January…
A busy week awaits
U.S. equities posted a second straight week of gains, fueled by investor optimism for artificial intelligence investment, corporate earnings, and potential pro-business policies of the new administration. The S&P500 index rose 1.7% to a record weekly closing high….
Softer-then expected inflation and large bank earnings lift markets
U.S. markets were closed Monday for the Martin Luther King Jr. holiday, when a new administration entered the White House. Investors will be watching to see what policies may result and how quickly. This week is light on economic data, with
Moving the goalposts
Stronger-than-expected economic data moved the goalposts for rate cuts this year, sending Treasury yields sharply higher and U.S. equity indices lower in a shortened trading week. The S&P500 index slid nearly 2%
2024 Market Recap & 2025 Outlook
There was no shortage of market-moving events in Q4. The stock market opened the quarter with a slow start in October, but the outcome of the presidential election triggered a broad rally in November….
Down but not out
U.S. equity indices ended 2024 on a down note but registered strong annual returns—well above the historical averages—for a second straight year. Once again, the Nasdaq Composite index led the way…
Central bank decisions and inflation data headline the week
The S&P500 index closed at a record high for a second straight week, rising 1% after U.S.
employment data boosted expectations for another interest rate cut later this month. The Nasdaq
Composite index surged more than 3% to set a fresh weekly…
Stocks Trade Higher as Market Reacts to Election Results
The U.S. presidential election results fueled November’s stock market rally, as investors focused on the incoming administration’s policy agenda and its implications. The S&P 500 gained +6.0%, its biggest monthly return since November 2023
Post-election bid losing steam
The post-election rally lost steam last week amid rising interest rates and less dovish commentary from Fed Chair Powell, sending U.S. equity indices lower. The S&P500 index slid 2%, while the Nasdaq Composite and Russell 2000 dropped 3% and 4%, respectively. A surging U.S. dollar…
The Trump trade is on!
U.S. equity indices and other risk assets soared after Donald Trump was re-elected as President and the Federal Reserve cut interest rates for a second straight meeting. The Russell 2000 index exploded higher by 8.5%, while the Nasdaq Composite jumped 5.7%. The S&P500 gained 4.6%, eclipsing the $6,000 level for the first time
