US equities were lower for the week, after eking out modest gains last week. Trade continued to dominate the news flow this week with all eyes looking to the 2-Apr tariff announcement. March consumer confidence dropped more than anticipated, down for the fourth straight month.Oleh Factset

US equities were lower in somewhat choppy Thursday trading. Stocks saw a bit of a risk-off move as the market continued to digest the latest tariff headlines and waiting for further updates ahead of April 2nd’s "Liberation Day." In macro news, weekly initial jobless claims printed nearly in-line with consensus.…

US equities finished lower in Wednesday trading, though ended a bit off worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 31bps, 112bps, and 204bps respectively. Big area of scrutiny today has been tech weakness, with negative AI headlines, trade, and technicals among the areas of blame. Durable goods orders beat; but core capital g…

US equities were mostly higher in Tuesday trading in a fairly listless session, though S&P 500 and Nasdaq advanced for third-straight session. Market continues to wait for more clarity around 2-Apr tariff deadline. March consumer confidence dropped more than anticipated. Richmond Fed manufacturing index also weaker than expected on soft shipments c…

US equities were higher in Monday trading as stocks finished near best levels. Today, the market was supported by the latest trade headlines. The other big development today has been some further reprieve for the recent ramp in growth fears with the flash composite PMI hitting a three-month high on services strength.…

US equities were mostly higher for the week. A major part of the market narrative was the lack of any major tape bombs from Trump relating to trade or tariffs. Somewhat dovish takeaways from the March FOMC meeting also helped support bullish sentiment.Oleh Factset

US equities finished lower in Thursday trading, with some morning strength evaporating by midday and remaining slightly weaker through the afternoon. It was a very uneventful session with no clear narrative to fit today's choppy price action. In macro news, weekly initial jobless claims printed at 223K, very near the 224K consensus and prior week's…

US equities finished higher in Wednesday trading, ending a bit off best levels, with the Dow Jones, S&P500, and Nasdaq finishing up 92bps, 108bps, and 157 bps respectively. Growth and momentum factors were today's standouts. The Fed left rates unchanged for a second straight meeting, as widely expected. Today’s Statement noted uncertainty around th…

US equities finished lower in Tuesday trading, spending much of the session not far from worst levels. Continuation of Mag 7 underperformance was among the big narrative themes today. February housing starts printed at a 1501K SAAR, well above 1385K consensus and the prior month's 1350K, with building permits largely in line.…

US equities finished higher in Monday trading, though ended off best levels. Stocks were slightly better in the morning before rallying after noon, though nothing in the limited incremental newsflow as a spark. In macro news, February retail sales rose 0.2% month over month, though below the 0.7% consensus.…

US equities were again lower for the week, with the S&P dipping into correction territory on Thursday after falling more than 10% below its February 19th high. Despite oversold conditions, the market had another week of risk-off sentiment with major focus on concerns around macro softening punctuated by volatile tariff headlines. This week's positi…

US equities finished lower in Thursday trading, ending near worst levels. It was another defensive day for the markets in the wake of an anemic bounce attempt Wednesday, with no help today from another cooler core inflation print. Government funding discussions are in focus after Schumer said Senate Democrats won't support the CR passed by the Hous…

US equities finished mostly higher in Wednesday trading, with the Dow Jones closing down 20bps, while the S&P500 and Nasdaq finished up 49bps and 122bps respectively. Stocks today only managed a moderate bounce relative to the extent of declines across Monday and Tuesday sessions, with oversold conditions the easiest excuse. Cooler-than-expected Fe…

US equities were mostly lower in choppy Tuesday trading. Stocks ended off worst levels though unable to sustain afternoon bounce attempt. Trump 2.0 remains a key headwind; no help from today's mixed trade updates, including announcement of higher steel/aluminum tariffs on Canada, Ontario PM Ford backing down on electricity, and incoming Canadian PM…

US equities were sharply lower in Monday trading as stocks finished just a bit off worst levels. The S&P and Nasdaq logged their worst sessions of 2025, with some classic defensive rotations in view. In macro news, the NY Fed's February Survey of Consumer Expectations saw 1Y inflation expectations tick up point 1 percentage point to 3.1%, though th…

US equities were sharply lower for the week, with the S&P, Nasdaq, and Russell extending last week's slides. The market had another week of risk-off sentiment with major focus on some ongoing concerns around macro softening punctuated by volatile tariff headlines. It was a busy week in employment data with the market watching closely for slowing gr…

US equities finished lower in Thursday trading, ending not far from worst levels. The market has more than erased its big Wednesday bounce, seeing no help from the White House talking down tariffs. In macro news, initial jobless claims of 221K is down from last week's revised 242K and below consensus of 235K.…

US equities were higher in Wednesday trading as stocks ended a bit off best levels, with the Dow Jones, S&P500, and Nasdaq finishing up 115bps, 101bps, and 146bps respectively. Today’s bounce seemed to be a function of tariff relief for Canada and Mexico, better economic data, along with some positive sentiment surrounding developments overseas. AD…

US equities were lower in Tuesday trading, off best levels after failed afternoon bounce attempt. Very choppy day of trading with a number of moving pieces. Concerns about global trade war remain key overhang with new US tariffs going into effect today, while China, Canada announced retaliatory measures.…

US equities finished sharply lower in Monday trading, with the Dow Jones, S&P500, and Nasdaq closing down 175bps, 204bps, and 295bps respectively. Risk off day amid the latest bout of Trump 2.0 policy uncertainty, with trade the overhang as tariffs on Canada and Mexico go into effect tomorrow. Headline ISM manufacturing remained in expansion in Feb…