Week 29: Earnings Season Lifts Off & Tech Stumbles
A quieter macro backdrop gave way to late-week selling in technology — but strong earnings from banks and a resilient vol structure kept three portfolios close to the index while one stood apart. →
Week 24: Volatility Wakes Up
A stronger-than-expected US jobs report ended nine consecutive weeks of S&P 500 gains — and tested every strategy in our model portfolio.
Weekly Summary
The first week of June delivered a sharp reminder that markets don't go up in a straight line. A hotter-than-anticipated US non-farm payrolls report on Friday forced a rapid repricing of Federal Reserve rate expectations, sending bond yields higher and equities lower. The Nasdaq bore the brunt, falling approximately 4.7% on the week — its worst weekly performance in some time. The S&P 500 shed 2.6%, snapping a nine-week winning streak. The Dow Jones, more insulated from rate sensitivity, slipped just 0.3%.
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