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Stocks ended on a positive note for the week of April 29 as investors delibrated stagflation fears, a Fed rate decision, and big tech earnings while April finished downbeat and economic data revealed upward pressures for inflation.
Stocks bounced back during the week. Senitment turned positive as big tech earnings were better than expected, overshadowing a rise in the Federal Reserve's favorite inflation gauge, the PCE price index.
It was a difficult week for investors as rising U.S. Treasury yields and mixed corporate earnings drove market volatility throughout the week.
It was a difficult week for U.S. stocks as inflation gauges revealed inflation remains sticky, leaving investors to question the timing and scale of interest rate cuts by the U.S. Federal Reserve.
Investors began a new quarter during the week of April 1. Below is an inventory of last week's Daily Market Commentary, you can follow our regular post on LinkedIn.
Last month proved to be the worst trading month of the year as the dreaded “September Effect” once again claimed the month for the bears (see Market Data section). We’re referring to an anomaly involving the historical average of a 1% decline for the S&P 500 in the month of September (1928-2021).
