Major US equity indices were mostly lower this week after finishing 2024 with double-digit gains. The Market started the new year off on a more defensive tone as favorable December seasonality and expectations for a post-election rally failed to materialize. Still, the Street is broadly optimistic on 2025 with analysts expecting continued economic …

US equities finished lower in Thursday trading, ending somewhat off worst levels. The market continued to have difficulty maintaining positive traction after another session where early strength faded into the afternoon. In macro news, initial jobless claims printed at 211 K for the latest week, down week over week and below consensus.…

US equities finished lower in Tuesday trading, ending near worst levels. Very little on the schedule in the way of economic releases or corporate updates. Market was unable to hold onto some morning strength, feeding into continued commentary about how Santa Claus rally/favorable December seasonality has failed to materialize.…

US equities finished lower in Monday trading, though ended well off worst levels. US equities finished lower in Monday trading, though ended well off worst levels. November pending-home sales were up 2 point 2% month over month, slightly stronger than forecast, though October results were revised down.…

Major US equity indices were lower this week, weighed down by a big Wednesday slide that saw the S&P post its second-weakest day of the year. Wednesday's December FOMC meeting was the critical event of the week. Analysts had firmly expected the 25 bp rate cut it delivered and were looking for some signal the Fed could pause rate cuts in January, bu…

US equities were mostly lower in Thursday trading as stocks ended near worst levels. The market came off premarket early session strength following a big Thursday selloff chalked up to the hawkish guidance that accompanied the Fed's 25 basis point rate cut. In macro news, weekly initial jobless claims came in at 220K, below consensus and a notable …

US equities were lower in Wednesday trading as stocks ended near worst levels following the FOMC decision, with the Dow Jones, S&P500, and Nasdaq closing down 258bps, 295bps, and 356bps respectively. Today’s Hawkish Fed rate cut was an overhang as the Fed cut rates by 25 bp, as expected, but guidance language in its statement was tweaked in a hawki…

US equities were lower in fairly quiet Tuesday trading. Tech strength has been accompanied by underperformance in cyclicals/value, along with rate-sensitive plays. Headline November retail sales up 0.7% m/m. November industrial production surprised negative, capacity utilization also missed. December NAHB homebuilder confidence unchanged from Novem…

US equities were mostly higher in Monday trading as stocks ended a bit off best levels, though Nasdaq finished at a fresh record high. Some of today's specific tailwinds include a rally in the semis and AI space, tabbed momentum following last week's Broadcom results, and an AI-driven Tesla upgrade. In macro news, December’s flash Markit Manufactur…

Major US equity indices were mostly lower for the week after putting in a mixed performance last week. Stretched valuations was one of the major go-to excuses for a more defensive tone this week, with the market now largely in waiting-mode ahead of the 18-Dec FOMC announcement, though the market is pricing in a nearly 100% chance of a 25 basis-poin…

US equities were down in Thursday trading, selling off through the afternoon and ending near session lows. It was an overall weaker day with negative breadth and lacking the recent support that has been coming from Mag 7 names and the broader tech space. In macro news, November headline PPI is up 0.4% month over month, hotter than the 0.3% consensu…

US equities finished mostly higher in Wednesday trading, with the Dow Jones closing down 22 bps, while the S&P500 and Nasdaq finished up 82bps and 177bps respectively. The Nasdaq set a fresh record high. Today's largely in-line November CPI report served to further solidify expectations for a December rate cut and market’s favoring a January pause.…

US equities ended lower and near worst levels in Tuesday trading. There was some focus on underwhelming results and guidance from Oracle, though elevated expectations seem to be the big issue (and was flagged in other post-earnings pullbacks last night), while AI and cloud takeaways were largely upbeat. NFIB small business optimism jumped to highes…

US equities were lower in Monday trading as stocks ended just off worst levels. Nothing specific behind today's more defensive tone, which came amid heavier volumes. It was also a quiet day for economic releases.על ידי Factset

US equities were mixed this week. Tech leadership was a key piece of this week's upside, driven after a rotational drag in November, some tailwinds from tech earnings and positive AI takeaways from the Amazon AWS conference. Extended positioning and sentiment continue to be cited as overhangs. November payrolls was the data highlight of the week.…

US equities were lower overall in uneventful Thursday trading as stocks ended just off worst levels. It was a very quiet session, with the market largely in waiting mode for NFP on Friday. In macro news, jobless claims was today's only major economic release.על ידי Factset

US equities were higher in Wednesday trading as stocks ended near best levels, with the Dow Jones, S&P500, and Nasdaq closing up 78bps, 60bps, and 129bps respectively. November ADP private payrolls came in just below consensus with October revised down by nearly 50K jobs. ISM services missed. October factory orders a bit better than forecasts after…

US equities were mixed in fairly quiet, rangebound Tuesday trading. Nothing really new from a narrative perspective despite big focus on latest international events. However, European and South Korean political risks having limited spillover effects at this point. October JOLTS job openings beat expectation. Quits rate up 0.2pp to 2.1%, highest sin…

US equities were mostly higher in Monday trading, near best levels. There were a few moving pieces today with the overall direction limited following a further upside last week and a big November rally. In macro news, November ISM Manufacturing beat, with new orders back in expansion territory for the first time in eight months.…

US equities closed higher in uneventful Friday trading, ending a bit off best levels in a short session after the US Thanksgiving Day holiday. There were some minor easing of tariff worries after Wednesday headlines that Trump and Mexico's President Sheinbaum had productive conversations on cross-border flows. The Market processed limited newsflow …