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Market Commentary: The Summer Rally Continues Amid Strong Job Gains

Carson Wealth

Expectations were low mostly because we had received some disappointing April data recently that suggested the consumer may be weakening, including retail sales, disposable income, and services consumption. We didn’t even see significant revisions to March and April payroll numbers, and the 3-month average now sits at 249,000.

Marketing 142
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Market Commentary: Strong Jobs Report Gets the “Good News Is Bad News” Treatment

Carson Wealth

Monthly numbers can be noisy and so a 3-month average is helpful. The prime-age (25-54) employment-population ratio, which is a way of controlling for demographic effects and labor force participation issues, is 80.5% exactly where it was a year ago, and higher than at any point between May 2001 and December 2019.

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Market Commentary: Best Calendar Month Over the Last 20 Years Holding True

Carson Wealth

These numbers can and will be revised, and so it helps to look at the 3-month average. That number has been trending down since earlier this year, but it’s at a healthy 177,000 right now, above the 166,000 average pace in 2019. The economy created 206,000 jobs last month, above expectations for a 190,000 increase.

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Market Commentary: S&P 500 Makes New All-Time High as Fed Goes Big

Carson Wealth

If they are cutting due to a panic (think March 2020) or due to a recession (like in 2001 or 2007) potential trouble could indeed be lurking. Yes, 2001 and 2007 are in there, as you’ve probably heard many times the past week if you’ve watched financial media at all. First things first, why are they cutting? on average.

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Transcript: Julian Salisbury, GS

The Big Picture

He co-chairs a number of the asset management investment committees. And again, I ended up in the financial services audit practice at KPMG. So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998. What can I say about Julian Salisbury?

Assets 299
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The Equity Beat: Would ‘AI’ By Any Other Name Smell As Sweet?

Brown Advisory

In 2001, a group of authors affiliated with Purdue University’s Krannert School of Management published a study[1] that documented the striking positive stock price reaction to the announcement of corporate name changes during the “dot-com” boom of the late 1990s. Out, out brief candle!”

Clients 98
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Market Commentary: Fed, Earnings, Job Gains Support a Young Bull Market

Carson Wealth

Stocks gained for the second week in a row, as strong earnings, a dovish Fed, and a “Goldilocks” job number sparked buying. The April jobs number showed a healthy job market while easing concerns that the economy is overheating. The overall inflation numbers, including for core inflation, can hide what’s happening beneath the surface.