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Fundamentals Drive Markets in the Absence of Fed Action

Executive Summary  Last week, stocks were up and bonds prices traded down/yield up. The MSCI Emerging Markets Index outperformed both the MSCI EAFE Index and the S&P 500. The best-performing

Déjà Vu: Oil, Semi, Fed Move Markets 

Executive Summary  US Markets. Major U.S. stock indexes closed the week mixed, as a late-week rebound in semiconductor and artificial intelligence (AI)-related shares helped the Nasdaq Composite and the S&P

Hawkish Warsh and Declining Oil Prices Impact Risk Markets

Major US stock indexes ended the volatile week higher as cautious optimism around a possible US-Iran agreement, declining oil prices, and continued broadening beyond large-cap technology shares helped offset mixed

Chips and Geopolitics: May’s Risk On Cocktail

Executive Market Summary: May 2026  The US market has been split cleanly in two, with the dividing line running straight through the technology sector. The S&P 500 fell roughly 4.5% in the