The main US equity indices were mixed with the #Nasdaq outperforming (along with the S&P 500) while The Dow ended lower on the week. Growth #stocks handily outperformed value shares, helped by another substantial #earnings and revenue beat by artificial intelligence chipmaker #NVIDIA. Financials pulled back early in the week after S&P Global downgraded its credit ratings of five regional banks. Several retailers reported 2Q results, which arguably offered a generally cautious picture on the health of the U.S. consumer. On the macro side, disappointing data dominated the week with the Citi macro surprise index tumbling most since April.

The property sector crisis exacerbates China's economic woes, the equity and bond markets remain under pressure and the Russian rouble approaches its lowest level for 17 months versus the US dollar. Each week, the Syz investment team takes you through the last seven days in seven charts.

US stocks retreated for a third consecutive week as sentiment appeared to take a blow from a sharp increase in longer-term bond yields and fears of a sharp slowdown in China. The S&P 500 index ended the week down 5.2% from its July 26 intraday peak. Small-cap stocks performed the worst. On the macro side, July US retail sales jumped 0.7% over the month, roughly double consensus estimates. Sales in specific categories indicated a sharp rise in discretionary spending (e,g +11.9% yoy for restaurants and bars).

Last week, headline CPI figures revealed inflation had increased slightly in the US, US equity indices ended the week on a low note and Russia continues to successfully export fossil fuels. Each week, the Syz investment team takes you through the last seven days in seven charts.

US equity indices ended mixed for the week, as investors weighed inflation data against worries over the recent rise in long-term interest rates. Volumes were generally light. Value stocks handily outperformed growth stocks; the Dow managed a modest gain while the Nasdaq was down (-2%) for the 2nd straight week (1st time since December.). Healthcare outperformed while technology stocks underperformed on worries that rising rates would reduce the value of future profits.

July monthly review July was a strong month for risk assets, the Dow Jones experienced its longest positive streak since 1987 and the global economy, particularly the US, has shown resilience, with strong performance in the equity market. Additionally, inflation continues to cool. Here are 10 charts to help you look back on what happened in the markets during the month of July.

Fitch Ratings downgrades the U.S. from AAA to AA+ due to debt ceiling standoffs and fiscal concerns. Disagreements arise, but the downgrade reflects rising debt and governance issues. Markets react with higher bond yields, prompting a closer look at potential implications for investors.

U.S. equities started August with a down week after closing out a strong July. Rising Treasury yields and an unexpected downgrade to the U.S. government’s credit rating weighed on sentiment. The Nasdaq suffered the largest losses for the week. On the corporate earnings side, Amazon significantly beat estimates and the stock rallied more than 8% on Friday. Apple was down about 5% after a mixed report as iPhone sales disappointed. Fitch Ratings on Tuesday downgraded the credit rating of U.S. government debt from AAA, to AA+, with the ratings agency saying its decision “reflects governance and medium-term fiscal challenges.”

The US economy remains resilient despite another hike, the IMF lifts 2023 GDP forecasts and the S&P 500 earnings are predicted to accelerate in 2024. Each week, the Syz investment team takes you through the last seven days in seven charts.

Main US equities indices ended higher over a week notable for the Dow Jones Industrial Average notching its 13th consecutive daily gain on Wednesday, which marked its longest winning streak since 1987. Trading activity was relatively subdued due to the summer vacation season. It was nevertheless a busy week in terms of news flow. The Fed announced a 0.25% increase in the federal funds target rate, as expected. The tone of the Fed’s statement was received as relatively benign, however, and expectations grew that the Fed was done raising rates, at least for the year.