US equities were mostly higher in Tuesday trading, near best levels. Tariff threat was the big story today after Trump posted Monday night that as part of his first executive orders, he will impose additional 10% tariffs on China goods and 25% tariffs on Mexico and Canada. Economists downplayed takeaways from November FOMC minutes given data depend…

US equities ended higher Monday after a big rally last week. Today's upside was tabbed to a meaningful Treasury rally, positive market friendly and safe hands takeaways following Trump’s nomination of Bessent as Treasury Secretary, though stocks were unable to hang onto best levels as some Trump trade winners gave back recent gains and there was a …

Major US equity indices were higher this week, bouncing after last week's losses though the S&P and Nasdaq remain below post-election record closes. There was a big focus on corporate results this week, largely focused on the long-awaited Nvidia report. It was also another fairly busy week of Fedspeak, with policymakers continuing to stress patienc…

US equities were higher in Thursday trading as stocks ended just a bit off best levels. Nvidia dominated the headlines today following last night's earnings release. In macro news, initial claims fell to its lowest level since April, while continuing claims ticked to its highest level since November 2021.…

US equities mixed in fairly quiet Wednesday trading, though ended near best levels, with the Dow Jones closing up 32bps, the S&P500 closing flat, and the Nasdaq finishing down 11bps. Financial Times reported Marc Rowan has emerged as a top contender for Treasury Secretary. Today's $16B auction of 20-year bonds tailed. Target sold off on disappointi…

US equities were mostly higher in Tuesday trading as stocks ended a bit off best levels. Big tech regulatory scrutiny, though fallout expected to be cushioned by looming administration change. October housing starts posted bigger decline than expected, tabbed to hurricane impact with South starts down 64K m/m, or more than 42K m/m total national de…

US equities were mostly higher in Monday trading, though stocks ended a bit off best levels. A bit of a more positive tone today as stocks attempted to rebound off last week's selloff that erased S&P 500 post-election gains. A quiet day of data today includes NAHB builder confidence which beat consensus and rose to 46.0, up from 43.0 in October wit…

Major US equity indices were lower for the week after the S&P 500 and Nasdaq ended last week at fresh record highs. Investors processed several moving pieces this week as earnings season winds down with underlying consensus still remaining on a soft- to no-landing scenario narrative, though several factors contributed to a more defensive tone this …

US equities finished lower in Thursday trading, ending near worst levels. Today’s defensive tone was chalked up to somewhat more hawkish takeaways from Powell, which came on the heels of the firmer PPI and claims prints this morning. On the data front, October core PPI was largely in line, though final demand services accelerated slightly and final…

US equities finished mixed in Wednesday trading, ending off best levels after an uneventful afternoon, with the Dow Jones and S&P500 closing up 11bps, and 2bps, while the Nasdaq closed down 26bps. Big headline today was October's in-line core CPI print in contrast to some fears for a hotter number. Report improved market-based odds for a 25bp cut i…

US equities ended lower in Tuesday trading, though off worst levels. No one specific factor at work, though renewed bond yield backup getting some attention. NFIB small business sentiment ticked up by 2.2 points to 93.7 in October.저자 Factset

US equities closed higher in fairly uneventful Monday trading, hovering around the unchanged mark after a bit of morning strength. As expected, it was a quiet session given the federal holiday, sparse earnings, no economic releases, and quiet Fedspeak – all factors which will ramp up later this week. Nevertheless, the path of least resistance remai…

US equities were higher this week as the S&P 500 and Nasdaq all ended the week at fresh record highs. The Trump election victory sparked a big rally across risk assets. Treasuries sold off sharply following Trump's election victory on inflationary concerns, but ended only slightly weaker on the short end and firmer on the long end on thoughts polic…

US equities were mostly higher in Thursday trading. The FOMC announcement was the big story of the day, with the Fed opting for a 25 basis point cut as expected. . It was fairly quiet elsewhere as some of yesterday's election-related outperformers trim outsized gains.저자 Factset

Stocks posted a sizable rally as the S&P 500 put in its best session in over two years, sparked by the Trump election victory and a potential for a Red Sweep (House still not yet decided). Today's Treasury auction of 25 billion dollars of 30-year bonds was well received. The FOMC announcement and the Powell press conference is set for Thursday afte…

US equities were higher in Tuesday trading as stocks ended near best levels. Upside tabbed to latest data that offered softer/no-landing support, with ISM services showing improvements in both employment and inflation metrics. October ISM services beat, highest since Jul-22. New orders decelerated, but employment back in expansion territory and pri…

US equities were mostly lower and mixed in Monday trading, though stocks finished off worst levels. A very quiet session today as the market waits for some key catalysts this week, notably tomorrow’s US election, a widely expected 25 basis point rate cut from the Fed, China’s NPC meeting, and 103 more S&P 500 companies scheduled to report. In macro…

Major US equity indices were down for the week. Earnings reports dominated the calendar, with some mixed takeaways from the five Mag-7 names on the schedule. The week's big economic report was Friday's nonfarm payrolls release for October, showing only 12K in job gains for the month (and revising down August and September by a combined 112K jobs).…

US equities finished lower in Thursday trading, ending near worst levels. Today's risk-off atmosphere was largely a function of disappointing Mag 7 earnings, though there was nothing in the results or guidance to really shift the favorable narrative surrounding the AI secular growth theme. On the economic front, initial jobless claims are down agai…

US equities finished lower in Wednesday trading, selling off after midday and ending near worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 22bps, 33bps, and 56bps respectively. Earnings were a major focus today, with more than half of the S&P 500 constituents now having reported; Alphabet, AMD, Caterpillar among notable reporters. …