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 +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

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

Price Return Last Week S&P 500 +1.7% S&P Mid Cap +2.0% Russell 2000 +2.4% MSCI EAFE +0.7% MSCI EM (0.3%) 10 Yr US Treasury Rate – fell from 4.05% to 4.01% Source: Refinitiv Eikon Recent News Banks Stocks Fall – The KBW Regional Banking Index fell 2% during the course of the week as surprise bankruptcies from two auto-related companies caused losses in several banks. Additional concerns at a private equity firm caused losses at two s