Markets Have Second Week of Gains, Rates Hit New Highs

After last week’s “face ripping” rally many may have expected a period of consolidation given the events transpiring in Europe and an increasingly hawkish tone out of the Federal Reserve. Instead, markets built on the gains solidly. The S&P 500 and Nasdaq were both up almost 2% on the week. Encouragingly, Energy and Technology were both the leading sectors and were both up about 4.2%. Apple was a notable outperformer this week and was up more than 6%. We just highlighted the stock in our recent Signal From Noise on stocks we like with pricing power.There is a Ukrainian idiom for tea...