Quick Take: Stocks and bonds had one of its best Novembers in decades as investors speculated the Fed would end its interest rate hiking campaign.[1],[2]   “For every action, there is an equal and opposite reaction.” Newton’s timeless principle resonates beyond physics, often showing up in market action. In November, stock markets enjoyed a strong […]

Quick Take: US equities markets corrected as US long-term bond yields rose above 5%.1   Battered US stocks dipped to five-month lows as both the S&P 500 and Nasdaq (down 2.2% and 2.8%, respectively) fell into correction territory after dropping 10% from July highs.2, 3, 4, 5 During the third-quarter earnings season, even though around […]

Quick Take: The Fed signaled continued restrictive monetary policy, prompting bond yields to continue their rise (prices fell). Equities turned in their worst monthly performance for the year, and the US government narrowly averted a shutdown.[1]   For over a decade since the Great Financial Crisis, an era of near zero-interest rates spawned the mantra […]