Aviso Weekly Market Pulse: March 27th – March 31st

Apr 3, 2023

Market developments

Equities:
U.S. equities rallied on Friday and extended the weekly gains to over 3% for both the S&P 500 and Nasdaq as key inflation measures showed signs of cooling, signalling that the Fed may be close to ending it’s tightening cycle. Ending the month of March in the green for the U.S. is meaningful given the banking crisis we faced only a few weeks ago. The Nasdaq closed out it’s best quarter since 2020, up over 16%, while the S&P 500 and TSX were up over 7% and 3.5% respectively.

Fixed income:
Treasury yields in the U.S. fell on Friday, ending a quarter of volatility and erratic swings. Traders are still trying to weigh the impact of the banking collapse and the economic data to determine where the Fed should pause their rate hikes. The U.S 10yr yield bounced off the 3.4% level and closed just below 3.5%, the 2yr yield closed back above 4%, and the Canadian 10yr closed up 16bps to 2.9%.

Commodities:
Oil settled at its highest level in nearly three weeks as it closed about $75 and up 9% for the week as concerns over the U.S. and Euro banking crisis eased. However, it finished the month lower for the fifth consecutive time as concerns over a potential recession and a decline in demand pressured the commodity.

Read more…

Recent Posts

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

Market developments Equities: U.S. stocks climbed on Friday after a stronger-than-expected March jobs report, but the S&P 500 is still headed for its biggest weekly decline since the first week of the year amid rising geopolitical concerns and hawkish signals from...

Aviso Weekly Market Pulse: March 25th – March 28th

Market developments Equities: The S&P 500 Index saw modest weekly gains, propelling equities to their most impressive first-quarter performance since 2019, bolstered by the latest U.S. GDP figures. These numbers fueled speculation that the Federal Reserve might...

Why, when and how to rebalance your portfolio

Your investment portfolio needs a plan to help you reach your financial goals. Asset allocation is a relatively straightforward investment strategy that can help you to balance investing risks and rewards. An asset allocation strategy establishes the relative...

NEI Monthly Market Insights: February 2024

Markets leap forward in February The market rally continued into February in equities, with resilient economic data and relatively strong earnings reports fueling the S&P 500 Index to new record highs in February, gaining 6.9% for the month. Both the Nasdaq and...

Aviso Weekly Market Pulse: March 18th – March 22nd

Market developments Equities: Stocks experienced a slight decline on Friday, halting the week's rally triggered by the Federal Reserve's commitment to potential interest rate cuts this year. Despite the day's decline, the S&P 500 is poised for its most significant...

Aviso Weekly Market Pulse: March 11th – March 15th

Market developments Equities: The S&P 500 ended the week slightly down, as tech stocks sold off, coinciding with a significant Friday options expiration with approximately $5.3 trillion in options set to expire, adding to the market's volatility. With earnings...