US Stocks end a Volatile Week Lower

It was a volatile week as traders weighed the likelihood of fewer FED rate cuts this year against strong jobs data.  Major stock indices with the exception of emerging markets ended the week lower. Many private economists and some FED officials are now predicting fewer than the three rate cuts in 2024 that were indicated […]

Stocks end the Holiday Shortened Week Mixed

Major indices ended the holiday shortened week mixed with most indices up slightly and the Nasdaq composite down slightly. Treasury bond yields fell with the 30-year bond yield at 4.346% and the 10-Year note at 4.205%.  Freddie Mac reported that the average 30-year mortgage rate fell to 6.79%.  Crude oil rose to $83.12 a barrel […]

Stocks Rise During a Busy Central Bank Week

Major stock indices rose this week following a busy week for central bank announcements. The Federal Reserve met and left the Federal Funds rate unchanged at 5.25% to 5.5%.  The FED is still signaling three rate cuts later this year but nearly half of FED members are leaning towards only two rate cuts. The Bank […]

Stock Indices Mixed After Strong Move Since End of October

Major stock indices were mixed this week with U.S. stocks lower and international developed and emerging markets higher.  Stocks have staged a strong rally since the end of October led by technology shares and in particular those related to artificial intelligence.  So seeing a breather at this point is not unexpected. Federal Reserve Chair, Jerome […]