U.S. stock prices bounced higher, then lower last week, ending the week with small losses, which were just about matched by small gains in bond prices. The week to come brings a raft of economic data and the Federal Open Market Committee’s next monetary policy meeting, at which another $10 billion reduction in monthly bond buying is expected to be announced. Follow the link below to our weekly review of the markets.
Easter week was a good one for global stock markets, which in many cases recovered most of the prior week’s losses. In the U.S., March economic data were for the most part easily better than expected, and bond yields rose over the week. In contrast, European bond yields resumed their move to lower levels, while the euro and dollar moved in lockstep for much of the week. Follow the link below to our recap of last week’s market action.
U.S. stocks rebounded in this week’s shortened trading schedule, nearly erasing the previous week’s losses, bolstered by some solid economic reports, dovish comments from Federal Reserve chair Janet Yellen on interest rates, and a possible easing of tensions between Ukraine and Russia late in the week. [Read more…]