Still waiting for the Fed as the presidential election heats up… On Tuesday, Fed Chair Jerome Powell released statements that sounded more dovish than other recent comments. Powell stated that the Federal Reserve has seen “a lot of progress” in relation to inflation, but that policymakers need more data before cutting interest rates to verify...Read More

Still trying to figure out inflation……….and the Fed   Based on the CME Fedwatch tool, bond traders are no longer predicting that the Fed will cut interest rates by more than 75 basis points this year – their view finally now moving in line with what has been the central bank’s projected likeliest outcome for months....Read More

Cautionary inflation and consumer readings spread concerns… Following the long weekend, investors returned today staring down earnings from the nation’s biggest retailers and an update on the Federal Reserve’s rate path perspective. Additionally, market star Nvidia (NVDA) shares its latest results on Wednesday afternoon. Last week, however, did close on a down note – ending a...Read More

  Following the Fed’s most recent meeting, the equity markets have continued to rally despite additional commentary from the central bankers emphasizing that rate cuts are very unlikely to start in March. Over the weekend, Chair Powell, in an interview on the TV show 60 Minutes, said that he is “pleased inflation is coming down...Read More

After drifting up the last few days of 2023, Wall Street starts the New Year a bit nervous with broad declines in many securities, especially in those sectors which have recently outperformed. One Schwab analyst suggested that the recent declines broadly reflected a combination of profit-taking and investor rotation into last year’s underperforming sectors, specifically...Read More

Markets take a victory lap after dovish Fed outlook… US stocks surged over the past week in the wake of a December Fed meeting that projected a surprisingly dovish tone with markets concluding the fight against inflation is largely over. While Chair Powell and other officials had repeatedly and steadfastly pointed to the dangers of...Read More

Dumaine Investments Weekly Market Update – November 1, 2023 – After a brief rally at the start of October, US stocks traded lower over the second half of the month as elevated interest rates, mixed earnings, and heightened tensions in the Middle East took a toll on markets. The S&P 500 posted its worst October...Read More

Dumaine Investments Weekly Market Update – October 24, 2023 • US stocks traded down over the last week amid an environment of rising long-term rates, mixed earnings results, and an escalating conflict in the Middle East. The 10-year Treasury yield almost hit 5.0% Monday before retreating to 4.9% later in the day. On the macroeconomic...Read More

Dumaine Investments Weekly Market Update – October 17, 2023 • US stocks have traded flat over the past week as investors digest a host of new earnings and economic data, as well as attempt to assess the implications of the conflict in the Middle East. Markets moved down modestly after last week’s CPI reading came...Read More

Dumaine Investments Weekly Market Update – October 3, 2023 • US stocks continued to trade lower over the past week amid growing concerns about rates staying higher for longer, inflated tech stock valuations, and a decidedly mixed global economic picture. While a last-minute stopgap measure over the weekend prevented an imminent government shutdown, there remains...Read More