US equities were mostly higher in Thursday afternoon trading. Some of the modest upside was tabbed to the rate rally that followed the cooler July core PPI print. However, the market is pricing ~34% chance of a September rate hike, little changed from Wednesday.

US equities were mostly higher in Wednesday trading, though ended a bit off best levels. Upside tabbed to a couple factors, including in line July CPI that helped keep yields down for the day

US equities were mostly lower in Tuesday trading. It was another very quiet session without much of a narrative. This is likely a function of the waiting game for CPI/PPI over next couple of days, given heightened attention/uncertainty surrounding the Fed.

US equities were lower in Monday trading, though the downside was fairly limited. It was a very quiet Monday session with few updates around the biggest market narratives. Nothing on the US economic calendar today in macro news.

Major US indices were higher this week, with the S&P and Nasdaq both seeing their strongest weeks since April and the S&P ending at a fresh all-time high. Momentum outperformed again, though semis and memory were up and down through the week. It was a noisy geopolitical week, with the market looking for progress on reopening the Strait of Hormuz.

US equities were lower in Tuesday trading, though the downside was limited and indices remain on pace for solid weekly gains. Q2 results still very strong overall, though there is some scrutiny surrounding semi and software results. Geopolitics has been a lingering issue, with oil notably higher today amid reports Iran-Oman deal reopening Strait of Hormuz could bar US and Israeli vessels

US equities were mixed in Wednesday trading. It was another heavy earnings day with more than 75% of S&P 500 having now reported. There were mixed takeaways with AI capex scrutiny, elevated expectations, AI adoption/usage/initiatives and resilient travel demand some of the big themes.

US equities finished higher in Tuesday trading, ending just off best levels. Geopolitics a focus today after morning's comments from Treasury Secretary Bessent that a deal on reopening the SoH could come today or tomorrow. June JOLTS job openings printed at 7359K

US equities finished higher in Monday trading, ending near session highs. It was a risk on session to start the month of August with multiple tailwinds in focus. The highest ISM manufacturing print in four years showed support for the solid macro narrative.

US equities were modestly higher this week, with the S&P 500 and Nasdaq both up for a second-straight week. Semis, memory, and AI infrastructure names sold off sharply at the beginning of the week, but a late week rebound was tabbed to factors including oversold conditions and a largely exhausted unwind. The July FOMC meeting ended with no rate change, as expected, though featured three dissents in favor of a 25 bp hike.