Insights

Price Return Last Week S&P 500 +0.5% S&P Mid Cap (1.3%) Russell 2000 (1.5%) MSCI EAFE +0.1% MSCI EM 0.0% 10 Yr US Treasury Rate – fell from 4.74% to 4.72% Source: Refinitiv Eikon Recent News Warsh Speech – In his first speech as Federal Reserve Chairman at Jackson Hole, Kevin Warsh expressed concern that inflation hadn’t yet been tamped out. He stated, “we must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise,

Price Return Last Week S&P 500 (1.4%) S&P Mid Cap (2.4%) Russell 2000 (1.7%) MSCI EAFE (0.6%) MSCI EM +1.2% 10 Yr US Treasury Rate – rose from 4.70% to 4.74% Source: Refinitiv Eikon Recent News Government Buys Back Debt – Likely in response to increasing long-term interest rates, Treasury Secretary Scott Bessent announced on Wednesday that he would increase purchases of government bonds by the Treasury. Instead of purchases maxing out at $2 billion each time, these would

Price Return Last Week S&P 500 +0.4% S&P Mid Cap +1.1% Russell 2000 +1.1% MSCI EAFE +0.5% MSCI EM +2.6% 10 Yr US Treasury Rate – rose from 4.66% to 4.70% Source: Refinitiv Eikon Recent News Earnings Season – Through Friday, approximately 91% of companies in the S&P 500 had reported Q2 earnings. The year-over-year earnings growth rate stood at 49.6%, which represents the highest earnings growth rate since Q2 2021. However, much of this can be attributed to technology com