Economic Data and Market Highlights
Growth and Value biases drove markets in the week with Consumer Discretionary, Information Technology, and Communication Services names falling 2.10%, 4.01%, and 2.54% respectively. The Russell 3000 Growth benchmark fell 2.55% while the Russell 3000 Value rose 81 basis points.
Investors pumped $19.71 billion into U.S. equity funds last week, the biggest inflow since December. Tech, healthcare, and communication services attracted heavy investment, but financials took a hit with outflows. Meanwhile, money market funds pulled in their largest inflows since January, and bond funds extended their winning streak to eight weeks. Despite the optimism, volatility remained high, with the S&P 500 and Nasdaq tumbling.
The Past Week’s Notable US data points (with revisions)
The Upcoming Week’s notable US data points
