A look back
- Most major U.S. stock indexes ended last week lower as the S&P 500 fell 2.0%, marking its worst weekly performance of the year. International developed markets and emerging markets fared far worse with global risk-off sentiment, falling 6.73% and 6.88%, respectively.
- U.S. Treasury yields rose across the curve. The 2-year U.S. Treasury yield rose 0.17% to 3.56%, while the 10-year U.S. Treasury Yield rose 0.18% to 4.14%. Crude oil futures rose drastically, rising above $100/barrel amid global supply shocks.
- The February jobs report surprised to the downside, with non-farm payrolls falling 92,000 month-over-month. The unemployment rate ticked up to 4.4%.
A look ahead
- The focus for markets this week will be the February Consumer Price Index (CPI) release on Wednesday. Investors are looking for confirmation that inflation continues to trend toward the Fed’s 2% target.
- Geopolitical tensions in the Middle East remain a critical wildcard for energy prices and global trade stability. Any sustained surge in crude oil prices could reignite inflationary pressures, complicating the Fed’s ability to lower interest rates as we progress throughout the year.
- Economic releases: CPI, GDP Annualized QoQ, Existing Home Sales, U Michigan Consumer Sentiment Survey
Our full report is reserved for clients only. Let’s work together.
A caring advisor can help you uncover opportunities and take on challenges—and provide greater confidence, clarity, simplicity, and direction.