It’s official- just another manic Monday… and the 6th consecutive day of gains for US equities, if only on a technicality. We can now declare that the S&P has been up six days in a row only seven total times over the course of the last 2 years. Despite an ultimate close in the green for the major US indices, today served as more of a respite from the ascension of late in mostly listless trading. Yields resumed their advance from the get and ate into equity gains for the afternoon but were ul…

US equities extended their winning streak today to a total of four consecutive positive sessions as the incoming data lent support via a disinflationary message. This morning’s softer ADP employment data (177k vs 195k exp) was the second reference point of the week to show signs of a cooling labor market. This was also delicately paired with a slightly weaker revised Q2 GDP (2.1% vs 2.4%) which was well-received as growth at a more tempered pace (for now). The PCE price deflator helped sentim…

US equities extended their winning streak today to a total of four consecutive positive sessions as the incoming data lent support via a disinflationary message. This morning’s softer ADP employment data (177k vs 195k exp) was the second reference point of the week to show signs of a cooling labor market. This was also delicately paired with a slightly weaker revised Q2 GDP (2.1% vs 2.4%) which was well-received as growth at a more tempered pace (for now). The PCE price deflator helped sentim…