Quick Take: Lingering inflation weighs on investors.[1] With as little as one rate cut now anticipated for 2024, Treasuries sold off, sending yields higher and stocks lower.[2]   As investors focused on disappointing inflation readings, major equity indexes ended a five-month winning streak to move lower in April.[3]  By the close of the month, the […]

Quick Take: Stock markets join interest rates in staying higher for longer as economic strength continues.[1]     Back in 2022, the phrase “higher for longer” had a tendency to strike fear in markets. The concern was that interest rates would stay high for too long and squash growth. Now that we seem to be […]

Quick Take: Major stock indices continued to reach all-time highs, as the Nasdaq joined the party.[1] Expectations of fewer rate cuts did little to dampen the rally.   February saw the stock market surge again, as the S&P 500 kicked off its best start to the year (S&P 500 +5.2% in February) since 2019.[2] Market […]