Market Commentary & Blogs

The fundamental backdrop and technical trend continue to show strength. - Household balance sheets remain strong, with leverage, debt service, and delinquencies all within historical ranges.

The fundamental backdrop and technical trend have paved the way to new all-time highs.

The Bear Story: • The Mag 7 is lagging.

• The U.S. / Iran conflict drove markets last week. Oil briefly rose above $100 a barrel and Treasury yields moved higher.

• U.S. / Iran tensions saw an uptick last week resulting in a more fragile macro backdrop.

The S&P 500 ended the week less than 1% away from its all-time high. Markets have been looking through near term U.S./Iran tensions,