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

Q2 Market Recap: Broadening Beyond AI: A Strong Quarter for Stocks

Q2 2026 Executive Summary  Stocks staged a strong recovery in Q2, with the S&P 500 gaining +15% and finishing near record highs. The Middle East conflict and oil shock that

Sharing Is Caring: Market Performance Breadth Improves

Markets traded lower last week, though there was relative strength beneath the major equity indexes. The S&P 500 and Nasdaq both ended the week lower as the largest tech stocks

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

Markets Target Escape Velocity: SpaceX IPO, Middle Eastern Deal, Fundamentals

The initial public offering (IPO) of SpaceX was the largest IPO on record and traded up after its initial pricing per share.  Broadly speaking, investors are navigating a market shaped by various forces. Geopolitical tensions, persistent inflation,

IPO Markets Fighting Forces For Escape Velocity: Inflation, Rates, Labor and AI

Executive Summary Last month, the market faced a test, and it passed, at least on the scoreboard. There was a mid-month hawkish shock: back-to-back hot inflation prints sent the 30-year

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

Bond Bears vs. AI Bulls: Inflation Fears Clash With Growth Optimism 

Executive Summary  Stocks and bonds up on the week (bond prices up, yields down). The MSCI EAFE and MSCI Emerging Markets indices outperformed the S&P 500. The best performing sectors

Inflation Came In Hot Which Cooled Equity Markets

Executive Summary  Most major U.S. stock indexes finished last week lower as optimism surrounding large-cap technology and artificial intelligence (AI)-related stocks was largely outweighed by concerns around accelerating inflation, rising Treasury yields,

Middle East Uncertainty in the Face of Fundamental Earnings

indexes to new highs. A strong employment report bolstered hopes that the U.S. economy remains resilient in the face of higher energy prices as a result of the Iran war.  Technology and growth stocks led