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

Oct 31, 2022

Market developments

Equities:
The U.S market resumed its trend from last Friday, climbing over 2.5% in the first two trading days as 10yr yields continued to retreat from the highs and back towards 4.0%. Earnings released midweek from Microsoft, Alphabet and Meta forced the market to give back most of the gains we saw early in the week. The market ended the week strong and finished up 3.95% as mixed earnings from Amazon (Negative) and Apple (Positive) were outweighed by the positive economic data as personal consumption expenditure price index rose less than expected.

Fixed income:
The long end of the curve rolled over from the highs as the 10yr UST decreased ~20bps to 4.0%, while the short end of the curve climbed higher, crossing the 4.0% mark and moving above the 10yr UST to end the week. Canadian Bond rates also fell this week by ~40bps for the 10yr and ~15bps on the 3 month as the Bank of Canada surprised by only hiking 50bps vs the expected 75bps.

Commodities:
Had a strong week but the 3-day rally took a breather on Friday as oil fell to just above $88 due to a strong USD and weak outlook from China. Crude was still up 3.6% this week in the midst of extreme tightness in U.S refined products market. Tight fuel inventories heading into the winter months strengthened crude through the middle of the week as the markets processed mixed earnings results.

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...