Week 33: Inflation Cools, Markets Extend Their Run
A quiet week by recent standards delivered exactly what markets needed: benign CPI and PPI data, no Fed surprises, and a third consecutive weekly gain for the S&P 500.
Candlesticks, composed.
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Candlesticks, composed.
Rising long-term Treasury yields, a Walmart-shaped consumer warning, and surging Bitcoin combined for a volatile week, but the combined portfolio again beat a falling market.
Candlesticks, composed.
A quiet week by recent standards delivered exactly what markets needed: benign CPI and PPI data, no Fed surprises, and a third consecutive weekly gain for the S&P 500.
AI earnings credibility, falling oil prices and a soft jobs report that took rate hikes off the table combined to propel the S&P 500 to record highs: its best weekly gain since April.
A volatile week of central bank signals, hawkish bond moves and swinging tech earnings resolved in a positive weekly close and three of four portfolios beat the S&P 500.