Description
US equities were higher this week as the S&P 500 and Nasdaq all ended the week at fresh record highs. The Trump election victory sparked a big rally across risk assets. Treasuries sold off sharply following Trump's election victory on inflationary concerns, but ended only slightly weaker on the short end and firmer on the long end on thoughts policy measures might not be enacted as quickly as expected. November FOMC meeting ended with a 25 bp cut, as expected, to 4.5-4.75% in a unanimous decision. With 90% of S&P 500 companies now having reported for Q3 EPS growth still pacing ahead of quarter-end expectations.
Major US equity indices were higher this week, bouncing after last week's losses though the S&P and Nasdaq remain below post-election record closes. There was a big focus on corporate results this week, largely focused on the long-awaited Nvidia report. It was also another fairly busy week of...
Published 11/22/24
US equities were higher in Thursday trading as stocks ended just a bit off best levels. Nvidia dominated the headlines today following last night's earnings release. In macro news, initial claims fell to its lowest level since April, while continuing claims ticked to its highest level since...
Published 11/21/24