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The US Federal reserve has raised interest rates by 50 basis points yesterday evening, as expected. We also note some hawkish revisions to the inflation forecast.
S&P 500 slows down, China’s Hang Seng outperforms, while the price of Silver inflates on the back of political uncertainty in Peru. Each week, the Syz investment team takes you through the last seven days in seven charts
Stocks gave back much of the previous two weeks’ gains, as some surprisingly strong economic data (ISM services, Michigan Consumer Sentiment, PPI) dampened hopes that the Fed might soon be able to curb its program of raising interest rates to cool inflation. The S&P 500 Index recorded its worst return in five weeks and was unable to stay above its 200-day moving average following the recent rally.
Evidence points to peak inflation having passed in the US, while central banks purchase gold in quantities unseen in over half a century. Each week, the Syz investment team takes you through the last seven days in seven charts.
The major U.S. equity benchmarks ended higher with growth stocks outperforming their value counterparts. Meanwhile, the Dow Jones Industrial Average Index did enter bull market territory on the final day of November, when it closed more than 20% above the low it hit in September 2022. Comments from Fed Chair Jerome Powell signaling smaller interest rate hikes going forward drove U.S. Treasury yields lower this week.
Some positive signals on US equities although big tech is missing out on the rebound, The inversion of bond yield curves is becoming more pronounced while Fed hikes should start to slow down. Each week, the Syz investment team takes you through the last seven days in seven charts.
The major US equities indices recorded gains during the week, with the S&P 500 Index finishing above the 4,000 level for the first time in two months. Favorable earnings reports in the retail and technology sectors as well as indications that the Fed is open to slowing its pace of rate hikes helped fuel the rally.
The US bond yield curve continues to invert, and the market revises terminal rate upwards as Fed members speak out. Each week, the Syz investment team takes you through the last seven days in seven charts.
US equities gave back a portion of the previous week’s strong gains and closed modestly lower for the week. Growth stocks lagged value-oriented shares. The energy sector underperformed, however, as European oil and natural gas inventories reached near-peak levels. Dispelled reports of a Russian missile strike on Polish territory sparked a brief sell-off on Tuesday, but trading volumes remained muted for much of the week.
2-year bond yields drop sharply on the back of US inflation figures and FTX crumbles, while the dollar cools down. Each week, the Syz investment team takes you through the last seven days in seven charts.
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