Aviso Weekly Market Monitor: May 1st – May 5th

May 8, 2023

Market developments

Equities:
After a four-day loss, the US equity market rebounded on Friday following the release of April job data that showed the economy added more jobs than expected and unemployment rate fell back to a multi-decade low. Despite Friday’s gains the S&P 500 has started May with a decline as investors worry about rising recession risks and the regional banking crisis.

Fixed income:
The behavior of the bond market has been volatile in recent days. The Fed delivered an expected 25bp rate hike this week, but also altered its forward guidance, leading to a higher close for Treasuries. However, concerns in the banking sector resulted in traders ramping up expectations of Fed rate cuts later this year.

Commodities:
Despite also rising on Friday, the energy market, specifically the oil market, has experienced a continued decline over the past few weeks due to concerns over softening demand and global growth slowing. Saudi Arabia’s decision to cut its official selling price of crude for Asian customers has further exacerbated the decline.

Read more…

Recent Posts

Aviso Weekly Market Monitor: September 18th – September 22nd

Market developments Equities: The S&P 500 Index faces its worst week in six months as global investors grapple with the possibility of sustained high interest rates to combat inflation. The index slipped -2.9% for the week despite technology stocks partially...

Aviso Weekly Market Monitor: September 11th – September 15th

Market developments Equities: The U.S. stock market saw increased volatility and a decline in response to a $4 trillion options event, alongside concerns about a strike impacting Detroit automakers. Big tech companies like Nvidia led the losses, with the S&P 500...

NEI Monthly Market Insights: August 2023

Markets cool off in August The end of July marked the peak for the S&P 500 so far this year, as the steady market uptrend that began in mid March started to retreat as soon as the August began. Following a 20% S&P 500 Index return in the first seven months of...

Aviso Weekly Market Monitor: September 4th – September 8th

Market developments Equities: This week concerns surrounding economic slowdowns in China and the euro area, alongside rising oil prices caused equities to slide. Notably, technology stocks, such as Apple and Nvidia, played significant roles in market movements,...

How to choose a mutual fund

Mutual funds continue to be extremely popular with investors of all types. According to the Investment Funds Institute of Canada (IFIC), as of the end of 2022, Canadians owned a total of $1,809 billion in mutual fund assets. In recent years, exchange-traded funds...

Aviso Weekly Market Monitor: August 28th – September 1st

Market developments Equities: U.S. stocks saw a significant weekly rise as monthly jobs data suggested the Federal Reserve might halt its tightening measures. The S&P 500, Nasdaq, and TSX all increased by over 2.5% ahead of the long weekend. Despite improved...