Chris Broussard

S&P 500 Hits New Highs Despite Lack of Breadth

S&P 500 Hits New Highs Despite Lack of Breadth

Market Data as of Week Ending: 7/5/2024 unless noted otherwise Stock prices were mixed as the S&P 500 reached new highs despite a lack of market breadth. The earnings outlook remains optimistic, with forecasted earnings growth of 8.8% for the second quarter and...

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Mixed Results for Stocks and Bonds

Mixed Results for Stocks and Bonds

Market Data as of Week Ending: 6/28/2024 unless noted otherwise Stock prices were mixed as investors shifted their focus to the second half of the year. Investors rotated back into small caps, the only size segment to deliver a positive return as the S&P 500...

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Stocks End the Week Higher as Breadth Increases

Stocks End the Week Higher as Breadth Increases

Market Data as of Week Ending: 6/21/2024 unless noted otherwise Most major equity indices ended the shortened trading week higher despite end-of-week softness. Year-to-date size and style trends reversed as breadth increased. Mid-cap stocks outperformed large-cap, and...

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Major Stock Indexes Reached New Highs Fueled by Tech Sector

Major Stock Indexes Reached New Highs Fueled by Tech Sector

Market Data as of Week Ending: 6/14/2024 unless noted otherwise Stock prices were mixed as inflation surprised to the downside, and the Fed left policy rates unchanged. Sentiment is supported by higher second-quarter earnings, which are expected to grow 9.0% for the...

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Momentum Slows as Stocks End the Week Lower

Momentum Slows as Stocks End the Week Lower

Market Data as of Week Ending: 5/31/2024 unless noted otherwise U.S. equity markets ended the week marginally lower as economic data supported the narrative of a strong economy with slowing inflation. The S&P 500 was 0.49% lower on the week, driven by losses in...

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Markets Were Mixed as Sentiment Sinks

Markets Were Mixed as Sentiment Sinks

Market Data as of Week Ending: 5/24/2024 unless noted otherwise U.S. equity markets were mixed over the week as NVIDIA's gain was a primary factor in the market's divergence, helping drive the Nasdaq to a record high while the Dow Jones Industrial Average experienced...

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Stocks Reach Record Highs on Mixed Inflation Data

Stocks Reach Record Highs on Mixed Inflation Data

Market Data as of Week Ending: 5/17/2024 unless noted otherwise U.S. equity markets climbed to record highs last week as concerns around inflation and interest rates were mitigated. The S&P 500 increased 1.60%, while the Dow Jones Industrial Average closed above...

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Markets Move Higher After Choppy Week

Markets Move Higher After Choppy Week

Market Data as of Week Ending: 5/3/2024 unless noted otherwise Stocks finished higher for the second consecutive week, recovering some of April's losses, as key earnings and positive economic data towards the back half of the week shifted sentiment. After the second...

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