Insights

Price Return Last Week S&P 500 (0.3%) S&P Mid Cap (1.8%) Russell 2000 (1.5%) MSCI EAFE (1.6%) MSCI EM (0.6%) 10 Yr US Treasury Rate – rose from 4.98% to 5.00% Source: Refinitiv Eikon Recent News Fed Raises Rates – The Federal Reserve chose to increase the benchmark interest rate by 0.25%, moving it from 3.50%-3.75% to 3.75%-4.00%. The rate hike was the first increase in three years and the first move made by new Fed Chairman Kevin Warsh. The decision to increase rates wa

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 (1.5%) S&P Mid Cap (0.2%) Russell 2000 (0.5%) MSCI EAFE (0.8%) MSCI EM (4.1%) 10 Yr US Treasury Rate – fell from 4.57% to 4.54% Source: Refinitiv Eikon Recent News U.S. Adds Tariff on Brazilian Imports – After a yearlong investigation into Brazilian trade practices, the U.S. announced they are imposing a 25% tariff on some Brazilian imports. Coffee and beef will be excluded. President Trump had previously imposed a 50% tariff on Braz

Price Return Last Week S&P 500 2.3% S&P Mid Cap (0.2%) Russell 2000 (0.5%) MSCI EAFE 2.7% MSCI EM 0.9% 10 Yr US Treasury Rate – fell rose 4.45% to 4.49% Source: Refinitiv Eikon Recent News Q2 Summary – After a lackluster first quarter, the S&P 500 gained over 15% in Q2, marking the best quarterly return since 2020. All the more impressive given ongoing negotiations with Iran and the increased likelihood of interest rate increases by the Federal Reserve this year.

Price Return Last Week S&P 500 0.7% S&P Mid Cap (0.1%) Russell 2000 1.2% MSCI EAFE 0.7% MSCI EM 4.1% 10 Yr US Treasury Rate – fell from 4.49% to 4.45% Source: Refinitiv Eikon Recent News U.S.-Iran Deal Update – Details on the memorandum of understanding between the U.S. and Iran were released on Wednesday. Both pledged to end all military operations and Iran would open the Strait of Hormuz. Iran commits to not charging any fees to transit the Strait of Hormuz for

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 +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 +3.4% S&P Mid Cap +2.9% Russell 2000 +3.3% MSCI EAFE +2.6% MSCI EM (0.8%) 10 Yr US Treasury Rate – fell from 4.44% to 4.31% Source: Refinitiv Eikon Recent News Trump Offers Iran Deadline – President Trump stated that Iran has until Tuesday at 8pm EST to strike a deal with the U.S. and open the Strait of Hormuz. Absent a deal, he threatened to destroy all of Iran’s power plants and bridges. The threat comes j

Price Return Last Week S&P 500 +0.3% S&P Mid Cap (1.4%) Russell 2000 (2.1%) MSCI EAFE +1.6% MSCI EM +1.8% 10 Yr US Treasury Rate – unchanged at 4.24% Source: Refinitiv Eikon Recent News Fed Chair Nomination – President Trump announced on Friday that he had chosen former Federal Reserve Governor Kevin Warsh to lead the Federal Reserve following the end of Fed Chair Jerome Powell’s term in May. While Warsh has historically been known as so

Price Return Last Week S&P 500 +0.7% S&P Mid Cap (1.6%) Russell 2000 (1.4%) MSCI EAFE (0.5%) MSCI EM +0.9% 10 Yr US Treasury Rate – rose from 4.01% to 4.10% Source: Refinitiv Eikon Recent News Fed Meeting – As widely anticipated, the Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday. Ten of the twelve voters voted for the measure with a dissent from newly appointed Governor Stephen Miran and Kans

Price Return Last Week S&P 500 (9.1%) S&P Mid Cap (9.1%) Russell 2000 (9.7%) MSCI EAFE (6.9%) MSCI EM (3.0%) 10 Yr US Treasury...

Price Return Last Week S&P 500 (2.1%) S&P Mid Cap (2.7%) Russell 2000 (4.0%) MSCI EAFE (2.6%) MSCI EM (4.5%) 10 Yr US Treasury...

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