Insights

Price Return Last Week S&P 500 0.6% S&P Mid Cap 2.8% Russell 2000 3.9% MSCI EAFE 1.0% MSCI EM (2.0%) 10 Yr US Treasury Rate – fell from 4.54% to 4.49% Source: Refinitiv Eikon Recent News US-Iran Deal – Reports indicate that the U.S. and Iran have agreed to an interim peace agreement that is expected to be signed by both nations on Friday. Details on what is included are sparse but expected to be released during the week. President Trump stated that the U.S. would

Price Return Last Week S&P 500 (2.5%) S&P Mid Cap (0.9%) Russell 2000 (2.9%) MSCI EAFE (1.4%) MSCI EM (2.0%) 10 Yr US Treasury Rate – rose from 4.45% to 4.54% Source: Refinitiv Eikon Recent News Jobs Report – May: 172k (Reuters Poll est. 85k) Apr: 179k In a surprise to the market, payroll additions in May were reported far above most estimates and higher than the highest analyst estimate. Revisions made to April also surprised to the upside, changing the total numb

Price Return Last Week S&P 500 +1.5% S&P Mid Cap +1.4% Russell 2000 +1.8% MSCI EAFE +0.2% MSCI EM +0.2% 10 Yr US Treasury Rate – fell from 4.57% to 4.45% Source: Refinitiv Eikon Recent News Iran Deal Status – Oil prices surged in early trading on Monday after reports stated that Iran ceased negotiations with the United States. This comes after the U.S. and Iran traded strikes against each other over the weekend. Concerns over mines laid by Iran in the Strait of H

Price Return Last Week S&P 500 +0.2% S&P Mid Cap (2.4%) Russell 2000 (2.4%) MSCI EAFE (1.7%) MSCI EM (2.5%) 10 Yr US Treasury Rate – rose from 4.36% to 4.60% Source: Refinitiv Eikon Recent News Trump in China – President Trump visited China for two days last week. The first trip by a U.S. president since 2017. President Xi described the relationship between the U.S. and China in a new manner, framing it as “constructive strategic stability.” No major deals were

Price Return Last Week S&P 500 +2.4% S&P Mid Cap +1.7% Russell 2000 +1.7% MSCI EAFE +0.9% MSCI EM +6.9% 10 Yr US Treasury Rate – fell from 4.38% to 4.36% Source: Refinitiv Eikon Recent News Iran Ceasefire on “Life Support” – Just one day after starting “Project Freedom” where the U.S. military would guide commercial ships out of the Strait of Hormuz, President Trump declared that he was pausing the operation citing progress towards an agreement with Iran. That pro

Price Return Last Week S&P 500 +0.9% S&P Mid Cap 0.0% Russell 2000 +0.9% MSCI EAFE +0.9% MSCI EM (0.5%) 10 Yr US Treasury Rate – rose from 4.31% to 4.38% Source: Refinitiv Eikon Recent News U.A.E. Leaves OPEC – The United Arab Emirates stated that they plan to leave OPEC on May 1 and begin increasing their oil production thereafter. In recent years, the U.A.E. has asked for greater flexibility from OPEC to produce more oil. With the rise of shale oil coming from

Price Return Last Week S&P 500 +0.5% S&P Mid Cap (0.1%) Russell 2000 +0.4% MSCI EAFE (2.9%) MSCI EM +0.8% 10 Yr US Treasury Rate – rose from 4.24% to 4.31% Source: Refinitiv Eikon Recent News Justice Department Ends Powell Investigation – U.S. Attorney Jeanine Pirro stated that she was closing her inquiry into Jerome Powell. As a result, Senator Thom Tillis said that he planned to support the confirmation of Kevin Warsh as the new Federal Reserve chair. Jerome

Price Return Last Week S&P 500 (2.1%) S&P Mid Cap +0.4% Russell 2000 +0.5% MSCI EAFE (0.1%) MSCI EM (1.8%) 10 Yr US Treasury Rate – rose from 4.39% to 4.44% Source: Refinitiv Eikon Recent News U.S. and Iran Negotiations Stall – President Trump claimed that Iran had agreed to most of the 15 points the U.S. proposed to broker a peace deal and added that they agreed to allow 20 oil tankers to pass through the Strait of Hormuz as a “sign of res

Price Return Last Week S&P 500 (1.9%) S&P Mid Cap (1.3%) Russell 2000 (1.7%) MSCI EAFE (2.1%) MSCI EM (0.4%) 10 Yr US Treasury Rate – rose from 4.29% to 4.39% Source: Refinitiv Eikon Recent News Fed Meeting – Federal Reserve officials voted 11-1 to keep interest rates in a range between 3.50%-3.75%. Recent Trump appointee Stephen Miran was the lone dissenting vote, continuing to vote in favor of an interest rate cut. The yield on a 2