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…

US equities were mostly lower for the week, with the S&P, Nasdaq, and Russell extending last week's slides. Trump 2.0 policy uncertainty remained a key focus, with Trump this week reiterating plans to impose 25% tariffs on Mexico and Canada next week and announcing a further 10% levy on Chinese goods. The January core PCE report was a bit of an ant…

US equities were lower in Thursday trading as stocks ended near worst levels. Trade was the main area of focus today, as President Trump said Canada and Mexico tariffs are on track to go into effect on March 4th, when China will also be hit with an additional 10% tariff. Headline January durable goods orders topped forecasts, though ex-transport wa…

US equities were mostly higher in Wednesday trading, though stocks off best levels with some blame going to the latest flurry of Trump tariff headlines. A fairly choppy day today with a number of moving pieces. In macro news, new home sales fell by a much worse than expected 10 point 5% in January, though December saw an upward revision.…

US equities were mostly lower in Tuesday trading though stocks ended off worst levels. Big overhang earlier in the day was the heightened scrutiny surrounding the soft/no-landing narrative following softer sentiment data. February consumer confidence index dropped sharply.Oleh Factset

US equities were mostly lower in Monday trading as stocks ended the day just off worst levels. A bit of an up-and-down day today with the market unable to translate early strength into a bounce, but also saw limited downside despite some sharp selling pressure late last week. In macro news, Dallas Fed manufacturing missed consensus and saw rising c…

US equities were lower this week, as stocks ended the week below best levels after the S&P 500 hit fresh record closes this week. This week saw a rotation toward defensives and away from cyclicals and tech. Data this week included February flash Manufacturing PMI ahead of consensus, though flash Services missed and fell into contraction for the fir…

US equities were down in Thursday trading, but ended off worst levels. The market saw broad weakness today after a few uneventful sessions. In macro news, initial claims printed at 219 K, a bit ahead of consensus and slightly higher week over week.Oleh Factset