The Private Bank at PlainsCapital

Stocks rose to start November as solid earnings results from Amazon lifted sentiment, offsetting weak employment data ahead of next week’s FOMC meeting and Presidential election. Read our latest Weekly Market Insights here: https://lnkd.in/gR96nKEi #PlainsCapital #WeeklyMarketInsights #Election

In October, the S&P 500 snapped its winning streak, falling almost 1% in the 3rd week but still up nearly 22% YTD. Modest market weakness ensued during the third week of the month; interestingly, that week of October is historically negative. All sectors in the S&P 500 finished lower except technology stocks, which marched higher with expectations of more substantial earnings. The NASDAQ has been in the leading position after the selloff. Notably, the market’s momentum and breadth are beginning to give divergent signals due to the recent price appreciation. Read our latest Market Insights here: https://lnkd.in/gEbwJWw6 #PlainsCapital #MarketInsights #NASDAQ

Equity markets closed a volatile trading week lower, as a modest rise in U.S. bond yields and better-than-expected economic data did little to lift sentiment ahead of an important week of economic data. Read our latest Weekly Market Insights here: https://lnkd.in/gR96nKEi #PlainsCapitalBank #WeeklyMarketInsights

Four of the twelve indices in the snapshot above are for hedge fund strategies. The role of hedge funds in investor portfolios has evolved over the years, marked by changing market dynamics, regulatory shifts, and investor preferences. While hedge funds have long been touted to enhance returns and provide diversification, their reputation has been challenged by high fees and periods of underperformance compared to public markets. Read our latest Alternative Perspectives here: https://lnkd.in/g_nQu3eU #PlainsCapital #AlternativePerspectives

Oil prices shot up to over $77.00 per barrel earlier this month but eased back to the $75.00 and below range. Today, West Texas Intermediate is just below $70 per barrel, with Brent Crude at ~$73 per barrel and Natural Gas still hovering at $2.20 – $2.30 per MCF. The rig count is down by four this week to 586, and the Frac count is up again by 11 to 241. To read our latest Commodity Highlights, click here: https://lnkd.in/g5mWu9KH #PlainsCapital #CommodityHighlights

The S&P 500 closed the trading week near record levels, lifted by a solid start to Q3 earnings season and by economic data indicating solid consumer spending, confirming the strength of the US economy. Read our latest Weekly Market Insights here: https://lnkd.in/gR96nKEi #PlainsCapital #WeeklyMarketInsights

Following a jumbo-sized rate cut to start the Fed’s easing cycle, recent jobs and GDP data indicated that the US economy remains on solid footing. Manufacturing activity, however, remains in contraction territory, and inflation continues to ease at a slow but steady pace. Based on current data, the Fed should continue to cut rates, but slowing the pace to 25 bp rate cut per meeting seems reasonable. Read our latest Economic Highlights, here: https://lnkd.in/dC6ak9B5 #PlainsCapital #EconomicHighlights

Stocks closed a volatile week higher as investors analyzed mixed inflation data and its implications for monetary policy while looking ahead to the Q3 earnings season, which started with promising results from some of the nation’s largest financial institutions. Read our latest Weekly Market Insights here: https://lnkd.in/gR96nKEi #PlainsCapital #MarketInsights

Historically, September should be a month of seasonal weakness for the stock market; remarkably, the S&P 500 has a new all-time high and continues to find support at around 5,700. Equities also continue to pull ahead of the median market strategist index price target for the end of the year. In addition to a bullish tape, the Fed is easing. With one jumbo cut already in hand for September, futures are pricing 160 bps of rate cuts over the next twelve months. Read our latest Market Highlights here: https://lnkd.in/gEbwJWw6 #PlainsCapital #MarketHighlights #StockMarket

Equity markets closed the trading week on a positive note, as better-than-expected jobs data and a resolution to the port strike shifted focus away from the turmoil in the Middle East and back to monetary policy and the strength of the U.S. economy. Read our latest Weekly Market Insights here: https://lnkd.in/gR96nKEi #PlainsCapital #MarketInsights