Market Update U.S. manufacturing Purchasing Managers Index (PMI) data, progress on U.S. fiscal policy negotiations, modest easing in COVID hotspots, and a strong U.S. employment report drove positive equity gains this week. The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), closed the week up 2.2%, while the MSCI ACWI | Read More +
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Insights: The Markets This Week and The 2020 U.S. Elections
Market Update Markets were mixed this week as they digested an enormous amount of news that ranged from generally positive corporate earnings and plateauing COVID cases/hospitalizations in key U.S. hotspots, to second-quarter GDP data, to stalled fiscal stimulus negotiations, and an increase in continuing jobless claims. The MSCI ACWI Index, which represents global equities (i.e., | Read More +
Insights: The Markets, Economic and Mobility Data, and Fiscal Stimulus
Market Update The markets finished the week largely unchanged, in a week that had generally positive Q2 earnings reports and an agreement on a fiscal stimulus package in the E.U. The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), closed the week down 0.1%, while the MSCI ACWI Ex-USA (international stocks) | Read More +
Insights Week Ending July 18
Market Update The key drivers of this week’s market movements were positive updates on COVID-19 treatments and vaccine candidates, as well as continued optimism surrounding a fifth stimulus package. The MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), closed the week up 1.1%, while the MSCI ACWI Ex-USA (international stocks) | Read More +
Insights: The Markets, COVID-19, and Additional Federal Stimulus
Market Update Core U.S. bonds on the Bloomberg Barclays U.S. Aggregate Bond Index closed the week slightly higher, up 0.2%. Equity markets also drifted higher, with the MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), finishing up 2.0%, and the S&P 500 finishing up 1.8%. International stocks had a similar showing, as the | Read More +
Insights: The Markets, COVID-19, Federal Stimulus, and What It All Means for Investors
Market Update Equity markets marched higher this week, with the MSCI ACWI Index, which represents global equities (i.e., both U.S. and international stocks), finishing up 3.5%. The S&P 500 finished up 4.0%, while the U.S. small cap Russell 2000 closed the week up 3.7%. International stocks had a strong week as well, as the MSCI | Read More +
Insights: The Markets, Global Economic Developments, and COVID-19
Market Returns Global equity markets made a strong start this week, continuing a broad-based rally on Monday and Tuesday. The primary drivers were the ongoing reopenings across the country as well as positive movement among economic indicators, including global PMIs, housing data, and retail sales Despite the positive data, markets declined following reports of increased | Read More +
Insights: The Markets, Consumer Spending, and COVID-19
Market Returns After a mild correction last week — including significant volatility on Wednesday and Thursday — the markets bounced back this week. Through the end of Thursday, the MSCI ACWI, which represents global equities (i.e., both U.S. and international stocks), rose 2.2%. The S&P 500 gained 2.4% over the same 4-day period, and the | Read More +
Update On The Markets, The Fed, and Fiscal Policy
Market Returns The bond market was a source of relative stability this week, as the Barclays U.S. Aggregate Bond Index finished up 0.6%. This week’s equity market performance, however, was more negative than it has been in recent weeks. Trading was choppy during the first half of the week, followed by sharp selling on Thursday | Read More +
End-of-Week Market Update for June 6
Investor optimism continued this week, and financial markets maintained an upward trajectory. The S&P 500 finished the week up 4.9%, the technology-focused Nasdaq rose 3.4%, the small cap Russell 2000 advanced 8.0%, and international stocks, as represented by the MSCI ACWI Ex-USA, rose 7.2%. Investment-grade bonds, as measured by the Barclays U.S. Aggregate Bond Index, | Read More +
