After a difficult September, investors enjoyed a respite from the grueling downturn in the capital markets. Global stocks surged on a wave of optimism as investors absorbed third quarter corporate earnings and hoped that the Federal Reserve and other central banks would slow the pace of monetary tightening. Fixed income again created headaches for investors as interest rates continued their upward trajectory. The yield curve remained inverted with short-term rates higher than long-term rates, a recessionary signal that has led to a rush of new money into cash and short-term fixed income.

RECENT INSIGHTS

November 21, 2022

U.S. equities, as measured by the S&P 500 Index, declined slightly last week as investors continued to price in the...

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November 14, 2022

U.S. equities surged late last week reflecting investors’ celebration of easing inflation data and falling bond yields. The S&P 500...

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October 31, 2022

U.S. stocks rallied throughout the week, despite significant declines from several notable tech platform companies. Value shares outpaced growth names...

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