- Equity markets were mixed this week as Treasury yields took a break from their relentless push higher.
- The S&P 500 gained 0.4% on the back of utilities and energy, while consumer discretionary lagged.
- The TSX added 1.1%, with a 5% jump in energy leading the advance.
Bottom Line: This tragic situation is unlikely to be resolved any time soon, and as with previous crises in the Middle East, it could have significant ramifications for Energy and oil.
Bottom Line: Recent market volatility is likely the result of the mixed signals that investors are receiving, and it could persist until we see concrete earnings numbers.
Bottom Line: In this economic environment, bond market volatility is to be expected, though recent declines in yields signal a more optimistic interest rate outlook.
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