Indices Dow 33,674, -424 or –1.24%. Nasdaq 12,2352 +9 or +0.07%. MSCI EAFE 2144.63, +0.78 or +0.03%. S&P 500 4,136, -33 or
Good Earnings, PCE Declining, Fed Looms, First Republic Hangs in the Balance (April 28 Market Recap).
Indices Dow 34,098, +290 or +0.85%. Nasdaq 12,226, +154 or +1.28%. S&P 4,169, +36 or +0.87%. USD10Y 3.452%, -7.0bp or
Quiet Week, Earnings Continue, and PCE Looms (April 21 Market Recap)
Indices Dow 33,808, -78 or –0.23%. Nasdaq 12,072, -51 or –0.42%. S&P 4,133, –4 or –0.09%. USD10Y 3.522% +4.8bp or +1.4%. WTI
Inflation Continues to Moderate, Fed Predicts Recession (April 14 Market Recap)
Indices Dow 33,886, +401 or +1.2%. Nasdaq 12,1230 +36 or +0.30%. S&P 4,137, +32 or +0.78%. USD10Y 3.522% +23.4bp or +7.1%.
Economic Data Slows, Labor Cracking, Fed Undeterred (Market Recap April 7)
Indices Dow 33,485, +211 or +0.63%. Nasdaq 12,087, -134 or –1.10%. S&P 4,105, -4 or –0.10%. USD10Y 3.2884, -20.6bp or –5.9%.
Banks Quiet, PCE Better (March 31 Market Recap)
Indices Dow 33,274, +1037 or +3.22%. Nasdaq 12,221, +397 or +3.36%. S&P 4,109, +138 or +3.48%. USD10Y 3.494%, +11.4bp or
Fed Hikes, Deutsche Bank in the Crosshairs, Markets Rally Anyway (March 24 Market Recap)
Indices Dow 32,237, +376 or +1.17%. Nasdaq 11,824, +194 or +1.67%. S&P 3,971, +55 or +1.40%. USD10Y 3.38%, -1.5bp or –0.44%.
Credit Suisse Rescued by UBS, Contagion Watch and Fed Decision Up Next (March 17 Market Recap).
Indices Dow 31,861, -48 or –0.15%. Nasdaq 11,630, +492 or +4.42%. S&P 3,916 +55 or +1.42%. USD10Y 3.395%, -30.0bp or -8.12%.
On Banking
While the seizure by Federal regulators of Silicon Valley Bank, Signature Bank, and the voluntary dissolution of Silvergate Bank is not ideal, we