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

Sep 18, 2023

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 erasing gains for the week and the Nasdaq 100 dropping nearly 2% on Friday. Chipmakers were affected by news that Taiwan Semiconductor Manufacturing Co. requested delays in highend equipment shipments. The VIX volatility index climbed, and the S&P 500 and Nasdaq Index closed -0.16% and -0.39% respectively for the week.

Fixed income:
Investors are showing a preference for longer-term bonds, anticipating that the Federal Reserve is nearing the end of its interest-rate hiking cycle. Yields on longer-dated debt are attractive, even if the Fed continues to raise rates. The scarcity of long-duration offerings has created a premium on such bonds. This trend has led to strong demand for longer-maturity bonds, particularly from insurance and pension investors. Government 10yr yields in both Canada and the U.S. ended the week slightly higher.

Commodities:
Oil prices increased for the third consecutive week due to production cuts by Saudi Arabia and Russia, tightening the global oil market. Oil settled near $91 a barrel, the highest since November. The International Energy Agency and OPEC warned of a market deficit through the end of the year, driving prices up by about 4% for the week.

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...