Stocks Mixed Despite Strong Corporate Earnings as Infrastructure Bill Progresses

Stock indices ended the week mixed with gains in the Russell 2000 small cap index and losses in emerging markets and the Nasdaq 100 Index.  Generally, earnings announcements were strong but Amazon disappointed and lowered expectations for post pandemic online shopping growth.  While Covid-19 cases and hospitalizations have risen among the unvaccinated due to the […]

Stocks End Busy Week of Data Lower

Stock indices ended the busy economic news week with modest declines. FED chair Powell delivered the semi-annual report to Congress on Wednesday.  The report forecasts that inflation will moderate but will likely remain elevated this year.  He also said the FED is “a ways off” from reducing its bond purchases of $120BN per month. OPEC+ […]

Stocks and Bonds Fluctuate in Holiday Shortened Week

Stocks sold off sharply on Thursday over fears of a virus resurgence and plummeting bond yields but staged a sharp rally on Friday with indices mixed for the week. OPEC+ met but was unable to reach an agreement on increasing production to handle the rebound in the economy.  As such there was no increase in […]

Back to Work

Stock indices were mixed for the week with the Nasdaq performing the best but developed international, emerging markets and small cap indices with losses. May’s jobs report showed the most jobs added since August of last year.  Still, we are about 6.5MM fewer employed than at the beginning of 2020. Dallas FED President Robert Kaplan […]

Markets Rebound on Powell’s Positive Comments

Stock indices rebounded sharply on Monday after last week’s selloff and continued to rise for the week.  Fed chair Powell’s comments reassured markets that the current rate of inflation will likely to subside.  Speaking of inflation, we look at two different measures of inflation.  One is the Labor department’s consumer price index (CPI) which was […]