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
SVB Fails, Jobs Market Cooling (March 10 Market Recap)?
Indices Dow 31,909, -1,481 or –4.43%. Nasdaq 11,138, -551 or –4.71%. S&P 3,861 -184 or –4.55%. USD10Y 3.695%, -26.9bp or
Ground Hog Day (February 24 Market Recap)
Indices Dow 32,816, -1,010 or –2.99%. Nasdaq 11,394, -393 or –3.33%. S&P 3,970 -109 or –2.67%. USD10Y 3.949%, +12.1bp or
Inflation Rears its Head Again (February 17 Market Recap )
Indices Dow 33,826, -43 or –0.13%. Nasdaq 11,787, +69 or +0.59%. S&P 4,079, -11 or -0.27%. USD10Y 3.828%, +8.4bp or +2.2%.
Fed Yanks on the Reins (February 10 Market Recap)
Indices Dow 33,869, -57 or –0.17%. Nasdaq 11,718, -288 or –2.40%. S&P 4,090, -46 or -1.11%. USD10Y 3.532%, +21.2bp or +6.0%.
Soft Landing Ahead (February 3 Market Recap)?
Indices Dow 33,926, -152 or -0.44%. Nasdaq 12,006, +385 or +3.3%. S&P 4,070, +66 or +1.6%. USD10Y 3.532%, +1.3bp or +0.37%.
Everyone Expects 25bp, but What’s Next (January 27 Market Recap)
Indices Dow 33,978, +603 or +1.8%. Nasdaq 11,621, +481 or +4.3%. S&P 4,070, +98 or +2.5%. USD10Y 3.5187%, +3.5bp or +1.0%.
Bad News is Now Just Bad News; Inflation at Fed’s 2% Target (January 20 Market Recap).
Indices Dow 33,375, -926 or -2.7%. Nasdaq 11,140, +30 or +0.54%. S&P 3,972, +26 or +0.65%. USD10Y 3.484%, -8.5bp or –2.4%.