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Capital Market Impact

Get updates on recent capital market data and trends, including possible expectations for future outcomes.

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Capital Market Impact

Rally continues as investors hope for a soft landing

Technical indicators are increasingly supportive, as the S&P 500 has been above the 200-day moving average for a week, and the 50-day moving average will likely break above the 200-day moving average (“golden cross”) for the first time since last March in the next few days. Institutional investors and hedge funds remain conservatively positioned, and money market assets are at record levels. Wall Street strategists are also notably bearish, with the average estimate for the year-end S&P 500 below the current level, indicating that those numbers could be revised higher, the market is ahead of itself, or a combination of the two. 

Not too hot, not to cold stock graphic.
Capital Market Impact

Markets pause on investor confusion

Equity markets took a breather following a strong start to the year, as the soft-landing narrative came under increased scrutiny following macro data and modestly disappointing earnings. Additionally, a contentious debate over the debt ceiling has some investors concerned about the politicization of default fears. The S&P 500® Index lost nearly 1% for the week, though the market remains 3% higher for the year.