Market milestones and Thanksgiving reflections

In last week’s commentary, we wondered if equity markets would continue their post-election rally or slide into a deeper correction. This past week, the markets gave us an answer – a resounding vote of confidence. The S&P 500 posted five consecutive winning sessions, while the Dow Jones Industrial Average set a new all-time closing record…

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Post-election shockwaves: How markets are grappling with economic shifts

The honeymoon between the incoming Trump administration and U.S. equity markets has proven to be short lived. This past week, equity markets experienced a sharp decline, erasing a significant portion of the gains seen since Election Day. Following a rally on and after November 8 – driven by optimism over potential pro-growth policies and tax…

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Thierry Hasse: Markets rally after clear Election Day results

Last week was a good one for U.S. investors: All equity indices closed at or near all-time highs. Plus, the Federal Reserve delivered another reduction in interest rates to support the economy. The S&P 500 Index set its 50th record of 2024, briefly eclipsing the 6,000 milestone, while the Dow Jones Industrial Average had its…

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Election Day and your investments: What to expect

Election Day 2024 is here, and the markets are feeling the pressure. After a long streak of gains, the S&P 500 slipped for two weeks in a row, with October marking its first monthly drop since July. Political uncertainty is adding fuel to market volatility, and what happens next may depend heavily on Tuesday’s results.…

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Thierry Hasse: All eyes are on Big Five tech company earnings reports this week

U.S. equity markets finally stopped reaching new record highs last week. Anxiety about the looming presidential election generated increased volatility in financial markets, especially for fixed-income investors. Treasury yields jumped 15 to 20 basis points during the week, hitting levels not seen since July 2024. Ten-year Treasury Notes are now yielding 4.25%, which is 0.65%…

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Thierry Hasse: The bull keeps charging! US markets hit record highs – but can it last?

U.S. stock markets continued to climb, hitting record highs last week as strong earnings reports from multiple industries lifted equities higher. This steady grind upward reflects solid fundamentals across the financial, technology, and small-cap sectors. However, with the U.S. presidential election just a few weeks away and potential market volatility on the horizon, investors should…

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Thierry Hasse: U.S. strength endures amid challenges and earnings surges

The U.S. stock market continues to hit new highs, with the S&P 500 closing above 5,800 for the first time and the symbolic 6,000 mark just around the corner. What’s remarkable is that these milestones are being achieved despite significant external disruptions. Most notably, Hurricane Milton, a Category 3 storm, hit Florida’s west coast, causing…

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Thierry Hasse: Strong jobs report underscores strength of economy

Last month the Federal Reserve clearly signaled its intention to support the labor market in the event it shows signs of weakness. Well, there was nothing weak in the Bureau of Labor Statistics jobs report released on Friday, Oct. 4. Every aspect of this key economic report was much stronger than even the most optimistic…

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The Elevage Partners outlook for the remainder of the year

The war in Ukraine is closing on its third year. The Middle East is witnessing worrisome escalation between Israel and Iran and its terror proxies (Hamas, Hezbollah and the Houthis from Yemen). Hurricane Helene just delivered catastrophic destruction across the Southeast. Dockworkers at East Coast and Gulf Coast ports have started a strike that could…

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Thierry Hasse: The markets say let the good times roll

“Let the good times roll” should be playing in the background as equity markets registered another week of gains and reached fresh new highs on the back of the Federal Reserve’s unexpectedly large reduction in interest rates. Even the beleaguered Chinese stock market managed to have its best weekly performance since the great financial crisis…

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