Michael Cannivet |
January 11, 2026 The S&P 500 rose 1.6% this week. The Bloomberg Aggregate Bond Index rose 0.3%, Gold jumped 4.1% and Bitcoin rose 0.4%. ISM Manufacturing fell to 47.9 in December, marking the weakest print in over a year. The ISM Services index jumped to 54.4, beating the 52.2 consensus and exceeding all forecasts. The strength in services complicates the...
Michael Cannivet |
January 4, 2026 The S&P 500 fell 1.0% this week. The Bloomberg Aggregate Bond Index shed 0.2%, Gold fell 4.4%, and Bitcoin rallied 2.7%. This week’s data reinforced a familiar theme: the U.S. economy is slowing, but not stalling. Pending home sales bounced modestly, though the recovery remains uneven beneath the surface. Manufacturing, particularly in Texas, is still soft, with...
Michael Cannivet |
December 28, 2025 The S&P 500 rose 1.4% this week. The Bloomberg Aggregate Bond Index rose 0.2%, Gold jumped 4.4% and Bitcoin fell 0.6%. Recent US data paints a mixed but resilient picture: growth and production are beating expectations, while households remain cautious. Real GDP grew 4.3% in Q3, well above consensus estimates of 3.3%. This marked the strongest pace...
Michael Cannivet |
December 21, 2025 The S&P 500 rose 0.1 % this week. The Bloomberg Aggregate Bond Index rose 0.4%, Gold rallied 0.9% and Bitcoin fell 2.5%. U.S. data this week painted a mildly disinflationary picture.​ Headline CPI slowed to 2.7% year over year versus 3.1% expected, with core also undershooting consensus. Nonfarm payrolls rose 64,000 versus expectations around 50,000, but the...
Michael Cannivet |
November 9, 2025 The S&P 500 fell 1.6% this week. The Bloomberg Aggregate Bond Index was flat, Gold rose 0.1% and Bitcoin declined 5.5%. This week’s data gave a mixed read on the U.S. economy. Consumer sentiment fell to 50.3, below forecasts, amid worries over the government shutdown and weaker personal finances. The ISM Services PMI rose to 52.4, with...
Michael Cannivet |
November 2, 2025 The S&P 500 rose 0.7% this week. The Bloomberg Aggregate Bond Index declined 0.6%, Gold fell 2.5% and Bitcoin shed 0.8%. Economic news was sparse this week as the government shutdown remains in effect. The Dallas and Richmond Fed manufacturing surveys showed deceleration in both regions with falling new orders. Pending home sales stayed flat despite lower...
Michael Cannivet |
October 26, 2025 The S&P 500 rose 1.9% this week. The Bloomberg Aggregate Bond Index gained 0.2%, Gold fell 3.0% and Bitcoin rallied 3.9%. This week’s economic data gave investors a cautiously upbeat view of the U.S. economy. September’s CPI rose 0.3% month-over-month and 3.0% year-over-year—slightly below expectations—bolstering hopes for another Fed rate cut soon. Existing home sales climbed 1.5%...
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