The Dow Jones is up 10 days in a row U.S. equity indexes advanced on hopes that the tight labor market and moderating inflation would help the economy avoid a hard landing. The Dow Jones is up 10 days in a row, which is the longest winning streak since February 2017. The Nasdaq, however, suffered a modest pullback on the week on the back of Tesla and Netflix earnings. Value stocks outperformed their growth counterparts.

US inflation might be on holiday, but the Fed is still expected to raise rates in July and the dollar's weakness continues to have an impact on the markets. Each week, the Syz investment team takes you through the last seven days in seven charts.

Stocks, Bonds & Gold soar as inflation cools down. US stocks recorded strong weekly gains as investors welcomed data showing a continued cooldown in inflation. The S&P 500 Index ended the week 6.5% below the all-time intraday high it established in early 2022. The Nasdaq Composite recorded an even stronger gain but remained 12.9% below its record peak. Both US headline and core inflation rose 0.2% in June, a tick below expectations.

Yield gap between S&P 500 dividends and 2-year Treasury bonds illustrates the high valuation of US equities. Meanwhile, the 10-year yield breaks the 4% barrier and Switzerland brings inflation below 2%. Each week, the Syz investment team takes you through the last seven days in seven charts.

Strong US labor market keeps the Fed on high alert After a strong first half in 2023, equity markets retreated as we entered the first week of the third quarter. The S&P 500 was down -1.2% last week, while small-cap stocks underperformed large-cap equities. Growth stocks held up modestly better than value shares. The key driver for this market disruption was stronger-than-expected labor market and services data, as well as Wednesday’s release of (hawkish) minutes from the Federal Reserve’s last policy meeting.

Apple's market cap exceeded $3 trillion, the Nasdaq and Nikkei 225 indices were the best stock market performers in the 1st half of the year and the US economy continues to surprise on the upside. Each week, the Syz investment team takes you through the last seven days in seven charts.

CHART OF THE WEEK: WILL “SOFT MACRO DATA” CLOSE THE GAP?

The Nasdaq is on track for its best first half since 1999, the S&P 500 is as expensive as in 2000 and India is poised to overtake China as the world's economic growth engine. Each week, the Syz investment team takes you through the last seven days in seven charts.

The major US equity benchmarks closed lower in a holiday-shortened trading week. The Nasdaq suffered its first weekly decline in two months, while the S&P 500 Index recorded its first drop in six weeks. Growth stocks outperformed value shares, while large-caps fared better than small-caps. Signs that further Federal Reserve rate hikes lay ahead seemed to weigh on sentiment for much of the week.

The S&P 500 is now up 15.3% in 2023, the best start to a year since 1997, but the 'magnificent seven' continue to dominate it. And although the Fed chose not to raise interest rates in May, future hikes seem more than likely. Each week, the Syz investment team takes you through the last seven days in seven charts.