Spring Surge: April Showers Watered a Bullish Market

Executive Summary  Last Week  Stocks largely ignored the wave of conflicting headlines about the war in the Middle East and a hawkish Federal Reserve policy meeting to post solid gains in most

New Highs, Old Risks: Markets Rally Amid Geopolitical Whiplash

Executive Summary  Most major U.S. stock indexes finished the week higher, with several hitting record highs, as some generally positive economic data, ongoing strength in artificial intelligence (AI)-linked stocks, and upbeat earnings

Stocks Hit A Growth Spurt

Last week, markets absorbed a failed ceasefire deal and U.S. naval blockade of Iranian ports to close at a new all-time high. The S&P 500 returned 4.5% for the week

Cease-Fire Sparks Risk On: Investors Swap Fear for FOMO

Stocks traded higher for a second consecutive week as a ceasefire announcement between the U.S. and Iran triggered the strongest single-day rally in roughly a year. The S&P 500 gained +3.7%, the

Q1 Shocks: Energy, Inflation, Growth?

Highlights: Q1 2026 Performance  Equities  The first quarter was eventful for markets. Stocks traded higher to start the year, with the S&P 500 posting a modest gain in January. However,

The Big Question for Markets: When Will the Middle East Conflict Be Resolved?

U.S. equity indexes finished a volatile, headline-driven week mixed, as a relatively light economic calendar left investors largely focused on shifting geopolitical developments, oil price volatility, and continued pressure on large-cap technology stocks. Equities

Strait of Hormuz: Risk Markets Veer Off the Straight and Narrow 

U.S. equity indexes finished lower in a volatile week shaped by geopolitical tensions and resulting volatility in oil prices, persistent inflation concerns, and a somewhat hawkish interpretation of the Federal Reserve’s latest

Monitoring Inflation Shock Potentially Transitioning to Growth Shock

Executive Summary  The S&P 500 fell for the third week in a row, with the Nasdaq down eight times in the last nine weeks. The dollar strengthened against the major

Triple Whammy Shocks: Geopolitical, Labor and Private Credit

Executive Summary  Last week, stock and bond prices were down and yields were up. Three simultaneous shocks are feeding off each other: oil at $100/bbl (up 35% in a week), a February jobs

Market Leadership Broadens as Rotation Continues

Executive Summary  The S&P 500 Index declined -0.8% in February, but the headline masked broad underlying strength. The equal-weighted S&P 500 gained +3.5%, Large Cap Value rose +2.6%, and the