The Tech Wreck The perception of a more hawkish Fed put a hard stop to the year’s positive start and pushed bond yields higher and stocks into a broad retreat. Technology and other high-valuation shares were particularly hard hit by rising yields. Even the larger-capitalization technology companies with strong cash flows and profits were damaged. […] READ MORE
Weekly Market Insights A rocky week with wide price swings led to mixed results for stocks last week, as investors grappled with anxieties over economic growth and weakness in technology and other high-growth stocks. The Dow Jones Industrial Average added 1.36%, while the Standard & Poor’s 500 gained 1.57%. The Nasdaq Composite index fell 0.58% […] READ MORE
Last week, the S&P 500, Dow, and NASDAQ closed at all-time record highs.[i] The S&P 500 rose 0.96%, the Dow gained 0.6%, and the NASDAQ grew by 1.54%.[ii] Meanwhile, the MSCI EAFE gained 1.64% for the week.[iii] Despite strong equity markets, bond yields dropped to their lowest point in the year.[iv] The drop in yield […] READ MORE