Analysis

COMMENTARY: The S&P 500’s 63‑bp weekly decline through 12/12/2525 reflected a rotation out of mega‑cap tech and AI‑linked names as investors reassessed stretched valuations and the profitability of large AI buildouts. This pullback came despite an otherwise supportive macro backdrop, including the Federal Reserve’s 25‑bp rate cut earlier in the month, which policymakers framed as […]

COMMENTARY: The S&P 500’s 0.3% rise this week reflected a market in “wait-and-see” mode ahead of the Federal Reserve’s December meeting, with modest gains supported by growing conviction a rate cut is likely. Also, softer inflation and labor data kept the market steady. At the stock level, performance was again driven disproportionately by the “Magnificent

COMMENTARY: After a November feast of gains, the market looks like the relative who’s already unbuttoned their pants and is eyeing the pumpkin pie anyway. Investor sentiment is sitting somewhere between “I think I’m full” and “just one more slice.” The S&P500 was up 3.7% this week, carrying a YTD gain of 16.5% headed into