August 5th, 2024
The Fed met this week and, as expected, left interest rates unchanged, paving the way for the first cut to come in September. However, recent weakening economic data and disappointing earnings announcements have stoked fears that September may be too…
July 26th, 2024
Stock markets were volatile this week and (as of Friday morning) are looking to finish the week slightly lower apart from US small cap stocks, which have had another good week and are set to finish higher. Bonds were mainly…
July 19th, 2024
US equity markets have begun a significant rotation this month. We have written about the handful of tech stocks that have been responsible for more than half the return in some of the most popular stock indices during the first…
July 12th, 2024
Fed Chair Powell testified before Congress this week and didn’t say much we didn’t already know. Markets were already betting on a 71% chance of an interest rate cut in September, so investors were listening for Powell to either affirm…
June 28th, 2024
This week was mixed, just as June is finishing as a mixed month in the markets as well. It appears (as of Friday morning) the month will end with large US stock and bond indices higher, while non-US companies, small…
June 21st, 2024
Last week I warned how some of the most popular US stock indices are being heavily influenced by a handful of stocks, specifically a certain chipmaker that has now become the most valuable company in the world. As I write…
June 14th, 2024
We’ve had some good economic news this month as job growth has remained strong in May while consumer prices stayed flat. As such, inflation fell from 3.4% to 3.3% and unemployment rose to just 4.0%. While it was…
May 31st, 2024
Stocks and bonds are lower this week, but remain positive for the month of May. US stocks are leading the way this month (green), followed by non-US stocks (red), corporate bonds (pink), then US treasury bonds (blue). There…
May 17th, 2024
Stocks and bonds rallied this week after the April inflation report showed that prices rose a little slower than expected last month. On a 12-month basis, the inflation rate now stands at 3.4%. Prices rose 0.3% in April…
May 10th, 2024
Stocks are drifting higher this month after a minor decline in April. In fact, the gains so far in May have almost cancelled the decline from April. One reason for the market’s recovery this month is the April jobs report,…
