Aviso Weekly Market Pulse: February 12th – February 16th

Feb 20, 2024

Market developments

Equities:
This week, the S&P 500 experienced a slight decline, closing at 5,005.57, a drop of 0.42%. Despite a run-up to the CPI report, equity markets showed restraint, with the S&P 500 wavering around the 5,000 level amidst mixed signals on inflation and Federal Reserve rate cut expectations. Investors remained cautious, reflecting on the rally’s sustainability after consecutive weeks of gains and considering potential consolidation.

Fixed income:
The bond market’s movements reflect a nuanced view of interest rate expectations and inflation concerns, with investors weighing the impact of Federal Reserve policy on future rate paths. The slight uptick in the Canadian bond market suggests a cautious optimism towards domestic economic resilience, whereas the decline in the U.S. bond market underscores ongoing adjustments to inflationary expectations and speculation around the Federal Reserve’s rate trajectory amidst mixed economic signals.

Commodities:
Crude oil prices saw a notable uptick, closing the week at $79.08 per barrel, marking a 2.9% increase. This surge in oil prices can be attributed to escalating tensions in the Middle East, balanced against diplomatic efforts aimed at resolving the conflict. Additionally, production cuts from OPEC members and a tight supply scenario contributed to the upward pressure on prices. However, global supply concerns and demand uncertainties, particularly from China, continue to influence market sentiment, keeping oil prices within a constrained range.

Read more…

Recent Posts

Aviso Weekly Market Pulse: July 8th – July 12th

Market developments Equities: The S&P 500 Index climbed to around 5,615 to end the week, showing signs of recovery despite the tech-led selloff in the Thursday session. Major banks kicked off the earnings season with mixed results. Wells Fargo saw a 7% decline due...

Aviso Weekly Market Pulse: July 1st – July 5th

Market developments Equities: Even with a short trading week, the U.S. stock market is approaching new all-time highs, with the S&P 500 on track for its 34th record this year. Traders are focusing on potential Federal Reserve rate cuts despite signs of economic...

The most tax-advantaged sources for a home down payment

If you’re in the market for a home, don’t leave money on the table when saving for your down payment. We’re sharing the different tools you have available to you as a Canadian first time home buyer to save in the most tax-advantaged way. In this article: Down payment...

Aviso Weekly Market Pulse: June 24th – June 28th

Market developments Equities: Stocks rallied towards new all-time highs this week as cooling inflation data strengthened expectations for Federal Reserve interest rate cuts in 2024. The S&P 500 Index touched above 5,500, led by technology stocks, while the Nasdaq...

NEI Monthly Market Insights: May 2024

Equities continue the rally, but economic paths diverge After a brief respite in April, global equities resumed the rally to find higher ground in May, as ongoing moderation of inflation and resilient economic trends continue to boost investor optimism. The S&P...

Aviso Weekly Market Pulse: June 17th – June 21st

Market developments Equities: The U.S. markets experienced a significant options expiration event known as "triple witching," with an estimated $5.5 trillion in contracts set to expire. This event is causing volatility in the stock market, particularly affecting...