Market Overview

We were very bullish at the start of this year with a Street-high year-end price target of 5400 for the S&P 500. That level was surpassed on June 12. We weren't bullish enough as the stampeding...

yesterday, the VIX index was up slightly, and 10-day realized volatility began to rise from its depressed levels, as the S&P 500 moved by 60 basis points instead of its usual 25 bps. With a Jobs...

The Q3 2024 reporting season was, by one measure, the best in three years Optimism abounds across Wall Street research desks as year-end 2025 S&P 500® forecasts make their rounds Investors...

The odds still look skewed toward a softer pace of expansion for fourth-quarter GDP. However, an upgraded nowcast from the Atlanta Fed hints at the possibility for something stronger. The regional...

Bond yields are primarily driven by macroeconomic factors such as inflation and economic growth. Given their impact on inflation and the economy, the US dollar and oil prices are frequently well...

10-year rates increased yesterday by roughly four bps to close at 4.23% following a stronger-than-expected JOLTS report. The report overlooked healthy, in my view, with the layoffs in October lower...

The matrix below highlights the year-to-date percentage performance of each constituent of the S&P 500. The size of the cells is proportional to the market capitalization of each stock. Source:...

Markets were up on the broader index but mixed overall, with 319 names lower in the S&P 500 and 180 higher. The day was uneventful from an equity market standpoint, but we saw big moves in FX,...

Investors are weighing stocks' steady growth against Bitcoin's high-risk, high-reward potential. The S&P 500 looks strong, but Bitcoin's fate depends on regulations and government...

Global markets delivered mixed results in November. US stocks and real estate investment trusts led last month’s winners, rebounding with solid gains following October’s decline, based on a set of...

New home sales fell by 17.30% in October, marking the most significant monthly decline in ten years, as shown in the graph on the left below. Furthermore, the supply of new homes on the market rose...

This will be a full week of trading with significant market-moving economic data on the agenda. It begins Monday with the ISM Manufacturing report and concludes Friday with the Jobs report. However,...

Last week, we discussed the increasingly bullish market forecasts for next year. We also noted that the market tends to trade positively heading into the Thanksgiving holiday, to which the market did...

I was recently honored to be a featured speaker, as well as a gold market panelist, at the 50th anniversary of the New Orleans Investment Conference. So, what follows is a slightly modified version...