Stock Indices End a Volatile Week Mixed

Stocks sold off sharply on Monday due to the anticipated bond default by China’s Evergrande real estate conglomerate.  However, stocks shrugged this off and recovered the remainder of the week ending with major indices mixed. The Bank of Japan met and kept monetary policy unchanged but downgraded its economic outlook on supply chain concerns. The […]

Stock Mostly Lower Despite Cooler Inflation and Better Retail Sales

Most stock indices ended the week lower with the exception of the small company Russell 2000. Consumer prices rose at a slower pace in August lending credence to the belief that the higher inflation will be transitory.  Treasury yields were mixed with the 30-year bond yield closing at 1.911% and the 10-Year note closing at […]

Stocks Decline on Slowing Growth and Upcoming Bond Taper

Stock indices declined this holiday shortened week as concerns about slowing growth and the FED’s upcoming taper in bond purchases weighed on stocks. The IHS Markit purchasing managers indices for August showed a slower rate of growth in both manufacturing and services across the world as the Delta variant impacts global economies.  China slipped into […]

Stocks End the Week Higher as Fed Talks Down Inflation

Stock indices ended the week modestly higher despite a selloff on Thursday due to events in Afghanistan.  The FED completed it’s annual symposium, held virtually again this year.  Chairman Powell reiterated that the inflation surge is expected to be temporary and said he expects the FED to begin tapering bond purchases by the end of […]

Stocks Decline as Reality of Fed’s Taper Plan Comes Into Focus

Despite a rally on Friday, major stock indices ended the week lower with developed international, emerging markets and the Russell 2000 having the biggest declines.  The reality of the Federal Reserve’s plan to reduce its accommodative stance became apparent this week.  The minutes from the last FED meeting showed a taper of bond purchases would […]