Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

2nd Quarter | 2022

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

The major U.S. stock market indexes were mostly up last week.

With the Federal Reserve on Wednesday (7/27) continuing its fight against inflation by making another 75-basis-point increase in interest rates, investors were watching with apprehension the government’s report on second quarter GDP. While many economists were saying that the chance of a recession was still low, the Thursday (7/28) report registered a 0.4% decline. While that was less than the first quarter, which fell 1.6%, it still met the “technical” requirements of a recession—two negative quarters of GDP growth.

The major U.S. stock market indexes were up last week. The S&P 500 increased by 2.55%, the Dow Jones Industrial Average gained 1.95%, the NASDAQ Composite was up 3.33%, and the Russell 2000 small-capitalization index rose 3.58%. The 10-year Treasury bond yield fell 16 basis points to 2.75%, taking Treasury bonds higher for the week. Spot gold closed the week at $1,727.64, up 1.14%.

Inflation continued its climb to multi-decade highs during the second quarter, and the Federal Reserve’s response grew increasingly aggressive: a 25-basis-point interest-rate increase in April, a 50-basis-point increase in May, and a 75-basis-point increase in June. Estimates of the final resting place for interest rates at the end of the year were revised upward to about 3.45%.

The major U.S. stock market indexes rose last week, coming off mid-June lows. The NASDAQ Composite was the strongest performer, up 4.56%. The Dow Jones Industrial Average was the weakest performer, rising just 0.77%. The S&P rose 1.94% on weaker-than-anticipated economic indicators, which reduced expectations for rate increases going forward. The 10-year Treasury bond yield jumped 10 basis points to 3.08%, coming off recent lows. Spot gold closed the week at $1,742.48, down 3.81%.

Last week, the Dow Jones Industrial Average lost 1.3%, the S&P 500 Index fell 2.2%, the NASDAQ Composite dropped 4.1%, and the Russell 2000 small-capitalization index gave back 2.2%. The 10-year Treasury bond yield fell 25 basis points to 2.88%, sending bond prices higher for the week. The U.S. Aggregate Bond ETF (AGG) gained 1.5%, while the 20-year Treasury Bond ETF (TLT) rose 3.1%. This week, gold futures closed at $1,807.00, down $23.30 per ounce, or 1.27%.

The major U.S. stock market indexes were up last week. The S&P 500 increased by 6.45%, the Dow Jones Industrial Average gained 5.39%, the NASDAQ Composite was up 7.49%, and the Russell 2000 small-capitalization index rose 6.01%. The 10-year Treasury bond yield fell 10 basis points to 3.13%, taking Treasury bonds higher for the week. Spot gold closed the week at $1,826.88, down 0.68%.

The major U.S. stock market indexes fell sharply last week, with the S&P 500 hitting bear market territory as of Monday’s close. The Russell 2000 was the worst performer for the week, down 7.48%. The Dow Jones Industrial Average was the best performer, falling 4.78% for the week. The 10-year Treasury bond yield rose 7 basis points to 3.23% as rates edged upward, peaking on June 14 at 3.47%. Spot gold closed the week at $1,839.39, down 1.72%.

Last week, the Dow Jones Industrial Average lost 4.6%, the S&P 500 Index fell 5.1%, the NASDAQ Composite dropped 5.6%, and the Russell 2000 small-capitalization index gave back 4.4%. The 10-year Treasury bond yield rose 22 basis points to 3.16%, sending bond prices lower for the week. The U.S. Aggregate Bond ETF (AGG) lost 1.5%, while the 20-year Treasury Bond ETF (TLT) tumbled 1.95%. Gold futures closed the week at $1,876.30, up $26.10 per ounce, or 1.41%.

The major U.S. stock market indexes were down last week. The S&P 500 decreased by 1.20%, the Dow Jones Industrial Average lost 0.94%, the NASDAQ Composite was down 0.98%, and the Russell 2000 small-capitalization index gave back 0.26%. The 10-year Treasury bond yield rose 20 basis points to 2.93%, taking Treasury bonds lower for the week. Spot gold closed the week at $1,851.19, down 0.14%.

The major U.S. stock market rebounded strongly during the last full week of May, taking a breather from significant declines experienced year to date. The NASDAQ Composite climbed 6.84% for the week, and the Dow Jones Industrial Average gained 6.24%. The 10-year Treasury bond yield fell 4 basis points to 2.74%. Rates are down from their May 6 high of 3.13%. Spot gold closed the week at $1,853.72, up 0.39%.

The major U.S. stock market indexes finished down last week for the seventh week in a row. This is the longest losing streak since 2001. The Dow Jones Industrial Average lost 2.9%, the S&P 500 Index fell 3.1%, the NASDAQ Composite dropped 3.8%, and the Russell 2000 small-capitalization index gave back 1.1%. The 10-year Treasury bond yield fell 13 basis points to 2.788%, sending bond prices higher for the week. Gold futures closed the week at $1,846.17, up $22.56 per ounce, or 1.88%.

The major U.S. stock market indexes were down last week. The S&P 500 decreased by 2.41%, the Dow Jones Industrial Average lost 2.14%, the NASDAQ Composite was down 2.80%, and the Russell 2000 small-capitalization index gave back 2.55%. The 10-year Treasury bond yield fell 21 basis points to 2.92%, taking Treasury bonds higher for the week. Spot gold closed the week at $1,811.79, down 3.82%.

The major U.S. stock market indexes were down last week. The S&P 500 was down 0.21%, and the NASDAQ Composite lost 1.54% for the week. The 10-year Treasury bond yield rose 19 basis points to 3.13%, continuing a strong upward trend for the year. Spot gold closed the week at $1,883.81, down 0.69%.

The major U.S. stock market indexes finished down for the third week in a row. The Dow Jones Industrial Average lost 2.4%, the S&P 500 Index fell 3.2%, the NASDAQ Composite dropped 3.9%, and the Russell 2000 small-capitalization index gave back 4.0%. The 10-year Treasury bond yield rose 1 basis point to 2.913%, sending bond prices lower for the week. In fact, the long-term Treasury bond ETF (TLT) fell 0.5% last week. Gold futures closed at $1,891.30, down $43.00 per ounce, or 2.22%.

The major U.S. stock market indexes were down last week. The S&P 500 decreased by 2.75%, the Dow Jones Industrial Average lost 1.86%, the NASDAQ Composite was down 3.83%, and the Russell 2000 small-capitalization index gave back 3.21%. The 10-year Treasury bond yield rose 7 basis points to 2.90%, taking Treasury bonds lower for the week. Spot gold closed the week at $1,931.60, down 2.13%.

Rising inflation and geopolitical concerns loomed large during the first quarter. Viewed by some as “transitory” in late 2021, inflation has persisted, rising to levels not seen in over 40 years. The Federal Reserve is expected to increase interest rates several times over the remainder of the year in an effort to manage inflation. These rate hikes will likely slow economic growth relative to where growth was at the beginning of the year. Slowing the economy is designed to bring the high inflation rates down in the future.

The major U.S. stock market indexes finished down last week. The Dow Jones Industrial Average lost 0.3%, the S&P 500 Index fell 1.3%, the NASDAQ Composite dropped 3.9%, and the Russell 2000 small-capitalization index gave back 4.6%. The 10-year Treasury bond yield rose 3 basis points to 2.704%, sending bond prices lower for the week. In fact, the long-term Treasury bond ETF (TLT) fell 5.5% last week. In contrast, gold futures closed at $1,948.50, up $24.80 per ounce, or 1.29%.

The major U.S. stock market indexes were mostly up last week. The S&P 500 increased by 0.06%, the Dow Jones Industrial Average lost 0.12%, the NASDAQ Composite was up 0.65%, and the Russell 2000 small-capitalization index gained 0.63%. The 10-year Treasury bond yield fell 9 basis points to 2.38%, taking Treasury bonds higher for the week. Spot gold closed the week at $1,925.68, down 1.67%.

The major U.S. stock market indexes finished mostly up last week. The Dow Jones Industrial Average gained 0.3%, the S&P 500 Index rose 1.8%, the NASDAQ Composite picked up 2.0%, and the Russell 2000 small-capitalization index dropped 0.4%. The 10-year Treasury bond yield jumped 34 basis points to 2.493%, sending bond prices lower for the week. Spot gold closed the week at $1,959.90, up $26.00 per ounce, or 1.34%.

The major U.S. stock market indexes were up last week, rebounding from downward movements that pulled the NASDAQ into bear market territory. The NASDAQ posted the strongest performance with an 8.18% gain, the S&P 500 rose 6.16%, the Dow climbed 5.50%, and the Russell 2000 jumped 5.38%. The 10-year Treasury bond yield rose 16 basis points to 2.15%, continuing a strong upward trend for the year. Spot gold closed the week at $1,921.62, down 3.36%.

The major U.S. stock market indexes were down last week. The S&P 500 decreased by 2.88%, the Dow Jones Industrial Average lost 1.99%, the NASDAQ Composite was down 3.53%, and the Russell 2000 small-capitalization index lost 1.06%. The 10-year Treasury bond yield rose 26 basis points to 1.99%, taking Treasury bonds lower for the week. Spot gold closed the week at $1,988.46, up 0.90%.

The major U.S. stock market indexes finished down last week. The Dow Jones Industrial Average gave up 1.3%, the S&P 500 Index lost 1.2%, the NASDAQ Composite sank 2.8%, and the Russell 2000 small-capitalization index dropped 2.0%. The 10-year Treasury bond yield fell 21 basis points to 1.747%, sending bond prices higher for the week. Spot gold closed the week at $1,991.19, up $101.85 per ounce, or 5.39%.

The major U.S. stock market indexes were mostly up last week. The Russell 2000 gained 1.57%, the S&P 500 rose 0.82%, the NASDAQ Composite climbed 1.08%, and the Dow Jones Industrial Average lost 0.06%. The 10-year Treasury bond yield rose 3 basis points to 1.96%. It continued an upward trend that began in mid-December, though it fell sharply coming into this week. Spot gold closed at $1,889.34, down 0.48% for the week.

Market Update 2/22/22

Major U.S. stock market indexes were down last week. The S&P 500 decreased by 1.58%, the Dow Jones Industrial Average lost 1.90%, the NASDAQ Composite was down 1.76%, and the Russell 2000 small-capitalization index lost 1.03%. The 10-year Treasury bond yield fell 1 basis point to 1.93%, taking Treasury bonds higher for the week. Spot gold closed at $1,898.43, up 2.13%.

Market Update 2/15/22

The major U.S. stock market indexes were mostly down last week. The Dow Jones Industrial Average lost 1.0%, the S&P 500 Index fell 1.8%, the NASDAQ Composite declined 2.2%, and the Russell 2000 small-capitalization index gained 1.4%. The 10-year Treasury bond yield rose slightly to 1.916%, sending bond prices flat to slightly lower for the week. Spot gold closed at $1,858.76, up $50.48 per ounce, or 2.79%.

Market Update 2/8/22

The major U.S. stock market rebounded last week after recent, significant sell-offs. The S&P 500 rose 1.55%, the Dow Jones Industrial Average gained 1.05%, the NASDAQ Composite rose 2.38%, and the Russell 2000 gained 1.72%. The 10-year Treasury bond yield rose 14 basis points to 1.91%, continuing a strong upward trend that began in mid-December 2021. Spot gold closed the week at $1,808.28, up 0.93% for the week.

Market Update 2/1/22

Major U.S. stock market indexes were mostly higher last week. The S&P 500 increased by 0.77%, the Dow Jones Industrial Average gained 1.34%, the NASDAQ Composite was up 0.01%, and the Russell 2000 small-capitalization index lost 0.98%. The 10-year Treasury bond yield rose 1 basis point to 1.77%, taking Treasury bonds lower for the week. Spot gold closed at $1,791.53, down 2.39%.

The major U.S. stock market indexes were down last week. The Dow Jones Industrial Average lost 4.6%, the S&P 500 Index fell 5.7%, the NASDAQ Composite declined 7.6%, and the Russell 2000 small-capitalization index dropped 7.9%. The 10-year Treasury bond yield slipped two basis points to finish at 1.759%, sending bond prices flat to slightly higher for the week. Spot gold closed at $1,817.38, up $17.44 per ounce, or 0.96%.

Equities were up for the quarter, finishing 2021 near all-time highs. The S&P 500 Index was the leader for the quarter with an 11.0% gain. The Russell 2000 small-capitalization index was the domestic laggard, up only 2.1%. Emerging markets were the worst performers, falling about 1.6%.

Major U.S. stock market indexes were down last week. The S&P 500 decreased by 1.87%, the Dow Jones Industrial Average was down 0.29%, the NASDAQ Composite fell 4.53%, and the Russell 2000 small-capitalization index lost 2.92%. The 10-year Treasury bond yield rose 25 basis points to 1.76%, taking Treasury bonds lower for the week. Spot gold closed at $1,796.55, down 1.78%.

The major U.S. stock market was mostly up last week, finishing a strong year. The S&P 500 rose 0.85% last week and was up 26% for the year. The Dow Jones Industrial Average gained 1.08% for the week and 18.73% for the year. The NASDAQ Composite fell 5 basis points for the week but finished up 21.39% for the year. The Russell 2000 gained 0.17% for the week and 13.70% for the year. The 10-year Treasury bond yield rose 2 basis points to 1.51% for the week, as bonds gave up some recent returns. At the beginning of 2021, rates were at 0.91%. Spot gold closed the week at $1,829.20, up 1.13% for the week. For the year, the metal was down 3.64%.

The major U.S. stock market indexes were up strongly last week. The Dow Jones Industrial Average gained 1.7%, the S&P 500 Index rose 2.3%, the NASDAQ Composite advanced 3.2%, and the Russell 2000 small-capitalization index picked up 3.1%. The 10-year Treasury bond yield added 9.1 basis points to finish at 1.493%, sending bond prices lower for the week. Last week spot gold closed the week at $1,808.39, up $10.20 per ounce, or 0.56%.

Major U.S. stock market indexes were down last week. The S&P 500 decreased by 1.94%, the Dow Jones Industrial Average was down 1.68%, the NASDAQ Composite fell 2.95%, and the Russell 2000 small-capitalization index lost 1.71%. The 10-year Treasury bond yield fell 8 basis points to 1.40%, taking Treasury bonds higher for the week. Spot gold closed at $1,798.11, up 0.86%.

The major U.S. stock market indexes rebounded last week after recent sell-offs. The S&P 500 rose 3.82%, the Dow Jones Industrial Average gained 4.02%, the NASDAQ Composite was up 3.61%, and the Russell 2000 gained 2.43%. The 10-year Treasury bond yield rose 14 basis points to 1.48%, as bonds gave up some recent returns. Spot gold closed the week at $1,782.84, nearly unchanged from the previous week.

The major U.S. stock market indexes were down last week. The Dow Jones Industrial Average lost 0.9%, the S&P 500 Index gave up 1.2%, the NASDAQ Composite sank 2.6%, and the Russell 2000 small-capitalization index fell 3.9%. The 10-year Treasury bond yield declined 12 basis points to finish at 1.34%, sending bond prices higher for the week. Spot gold closed the week at $1,768.03, down $75.78 per ounce, or 0.44%.

Major U.S. stock market indexes were down last week. The S&P 500 decreased by 2.20%, the Dow Jones Industrial Average was down 1.97%, the NASDAQ Composite fell 3.52%, and the Russell 2000 small-capitalization index lost 4.15%. The 10-year Treasury bond yield fell 7 basis points to 1.47%, taking Treasury bonds higher for the week. Spot gold closed at $1,802.59, down 2.34%.

The major U.S. stock market indexes were mixed last week. The Dow Jones Industrial Average gave up 1.4%, the S&P 500 Index rose 0.3%, the NASDAQ Composite climbed 1.2%, and the Russell 2000 small-capitalization index dropped 2.9%. The 10-year Treasury bond yield fell 2 basis points to 1.537%, sending bond prices higher for the week. Spot gold closed the week at $1,845.73, down $19.17 per ounce, or 1.03%.

The major U.S. stock market indexes fell last week after a significant run-up the week before. The S&P 500 fell 0.31%, the Dow Jones Industrial Average fell 0.63%, the NASDAQ Composite was down 0.69%, and the Russell 2000 lost 1.04%. The 10-year Treasury bond yield rose 11 basis points to 1.56%, as both equities and bonds largely fell for the week. Spot gold closed the week at $1,864.38, up 2.56%.

Major U.S. stock market indexes were up last week. The S&P 500 increased by 2.00%, the Dow Jones Industrial Average was up 1.42%, the NASDAQ Composite gained 3.05%, and the Russell 2000 small-capitalization index was up 6.09%. The 10-year Treasury bond yield fell 10 basis points to 1.45%, taking Treasury bonds higher for the week. Spot gold closed at $1,818.36, up 1.96%.

The major U.S. stock market indexes rose last week, rounding out October’s strong rebound from September’s sell-off. The NASDAQ Composite jumped 2.71%, the S&P 500 gained 1.33%, the Dow Jones Industrial Average was up 0.40%, and the Russell 2000 gained 0.26%. The 10-year Treasury bond yield fell 8 basis points to 1.55%, as both equities and bonds gained for the week. Spot gold closed the week at $1,783.38, down 0.52%.

The major U.S. stock market indexes were generally higher last week. The Dow Jones Industrial Average gained 1.1%, the S&P 500 Index rose 1.7%, the NASDAQ Composite climbed 1.3%, and the Russell 2000 small-capitalization index picked up 1.1%.

Equities were mixed for the third quarter, giving back most of their gains in September. The S&P 500 Index was the leader for the quarter with a 0.58% gain. The Russell 2000 small-capitalization index was the domestic laggard, down 4.36%. Emerging markets were the worst performers, falling 8.09%.

Major U.S. stock market indexes were mostly up last week. The S&P 500 increased by 0.79%, the Dow Jones Industrial Average was up 1.22%, the NASDAQ Composite gained 0.09%, and the Russell 2000 small-capitalization index was down 0.38%. The 10-year Treasury bond yield rose 15 basis points to 1.61%, taking Treasury bonds lower for the week. Spot gold closed at $1,757.13, down 0.22%.

The major U.S. stock market indexes fell significantly last week. The NASDAQ Composite tumbled 3.20%, the S&P 500 fell 2.21%, the Dow Jones Industrial Average was down 1.36%, and the Russell 2000 lost 0.29%. The 10-year Treasury bond yield rose 1 basis point to 1.46%, though bonds were largely down for the week. Spot gold closed the week at $1,760.98, up 0.60%.

Market Update 9/27/21

Major U.S. stock market indexes were up last week. The S&P 500 increased by 0.51%, the Dow Jones Industrial Average was up 0.62%, the NASDAQ Composite gained 0.02%, and the Russell 2000 small-capitalization index was up 0.50%. The 10-year Treasury bond yield rose 9 basis points to 1.45%, taking Treasury bonds lower for the week. Spot gold closed at $1,750.42, down 0.22%.

Market Update 9/20/21

The major U.S. stock market indexes were mixed last week. The Russell 2000 gained 0.42%, the NASDAQ Composite fell 0.47%, the S&P 500 was down 0.57%, and the Dow Jones Industrial Average lost 0.07%. The 10-year Treasury bond yield rose 2 basis points to 1.36%, though bonds were mixed for the week. Spot gold closed the week at $1,754.34, down 1.86%.

Market Update 9/13/21

The major U.S. stock market indexes were generally lower last week. The Dow Jones Industrial Average lost 2.1%, the S&P 500 Index fell 1.7%, the NASDAQ Composite gave up 1.6%, and the Russell 2000 small-capitalization index slumped 2.8%. The 10-year Treasury bond yield gained 2 basis points to finish at 1.28%, sending bond prices lower for the week. Spot gold closed the week at $1,788.35, down $39.37 per ounce, or 2.2%.

Market Update 9/7/21

Major U.S. stock market indexes were mixed last week. The S&P 500 increased by 0.58%, the Dow Jones Industrial Average was down 0.24%, the NASDAQ Composite gained 1.55%, and the Russell 2000 small-capitalization index was up 0.65%. The 10-year Treasury bond yield rose 1 basis point to 1.32%, taking Treasury bonds lower for the week. Spot gold closed at $1,827.73, up 0.56%.

The major U.S. stock market indexes ended significantly higher last week, with several indexes hitting all-time highs. The Russell 2000 turned in the best performance with a 5.05% gain, the NASDAQ Composite rose 2.82%, the S&P 500 was up 1.52%, and the Dow Jones Industrial Average gained 0.96%. The 10-year Treasury bond yield rose 5 basis points to 1.31%, taking bonds slightly down for the week. Spot gold closed the week at $1,817.57, up 2.05%.