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In last weeks commentary, we took a look at tariff policy, the market uncertainty it was creating, and what was going on in the broader economy. But whether were looking at the current state of the economy or market history, our focus is always on facts over feelings. Same thing for 2023.
The worries are growing, from a potentially slowing economy, to a growing and more aggressive trade war, to worries over Washington policy. Then five years ago we shut down our economy during a once-a-century pandemic. The economy created 151,000 jobs in February, more or less consistent with expectations.
While there are reasons for recent declines, we view it in part as a perfectly normal pause after the gains of 2023 and 2024. Good news can be bad news in the short run, but a solid economy usually becomes good news again once we get past the initial market reaction. The economy created over 2 million jobs in 2024, down from 2.4
If the economy remains strong (as we expect), that would matter much more than just about anything else. Here’s What the October Payroll Report Really Tells Us About the Economy October payrolls were a big disappointment, with job growth clocking in at just 12,000. on average, well above the 7.1% average seen in all years.
As the year 2023 draws to a close, it’s time to reflect on the significant strides made in the realm of Risk Management within the financial services industry. Summary of 2023 The financial services industry has made significant progress in strengthening its risk management capabilities in 2023.
Optimism over lower taxes, a stronger economy, animal spirits, and strong earnings all were likely reasons for the surge. The economy created 227,000 jobs in November, close to expectations, which somewhat made up for the low 36,000 number in October (revised up from 12,000). For reference, the 2019 average was 166,000.
With this in mind, we’ve compiled a list of the highest-paying finance jobs for 2023. While many finance jobs pay well, the following 12 positions sit at or near the top of the pay scale in 2023: 1. Chief Compliance Officer. This means your job is likely secure no matter what happens in the economy.
Good Riddance, February The second half of February was rough, as worries over the economy, tariffs, and large cap tech weakness dominated the conversation. It is also the first time the S&P 500 is negative (although only down 1%) over three calendar months since October 2023. Heres the thing. Is It Time To Worry About Consumption?
The economy surprised, the consumer remained resilient, stocks soared, and even bonds did well on the year thanks to a late-innings rally. Some are perhaps unorthodox, but they tell us a lot about 2023 while setting the scene for 2024. Some are perhaps unorthodox, but they tell us a lot about 2023 while setting the scene for 2024.
The economy has strong momentum, with growth accelerating since the first half of the year. Let’s Call It Like It Is: The Economy Is Strong, and There’s No Recession on the Horizon A year ago, a Bloomberg Economics model projected a recession within the next 12 months with 100% probability. Through June 2023, the economy grew 2.4%
The September payroll report confirms the economy is strong. Aggregate income is rising above the pace of inflation, and that’s powering the economy. Wage growth is easing, which should alleviate concerns that the economy is overheating. Expectations for a stronger economy are driving interest rates higher.
2023 Stock Gains Suggest a Solid (But Not Spectacular) 2024 The S&P 500 finally fell last week after nine consecutive weeks of gains, the longest weekly winning streak since 2004. A “Goldilocks” December jobs report highlights sustained momentum for the economy as it continues its path to normalization. History says to expect it.
Strong economic growth and better data should be viewed positively, as it shows the economy isn’t falling into a recession. The economy ran above trend last year, despite high interest rates. Economy: This Time Was Different, and That’s a Big Deal The U.S. in 2023 and crashed further to 1.5% economy grew 5.8%
The economy overall remained firm and the consumer quite healthy all along, but the realization that inflation was no longer a headwind prompted stocks to rise. This was based on our view that there would be no recession in 2023, even as inflation fell and unemployment remained low. in 2023 and 2.6% 5.50% to the 4.0-4.25%
After a large reversal Thursday, stocks bounced back Friday, bolstered by the continued impressive performance of the economy (further details below). This has already been a historic year — the stock market experienced one of its best starts in 2023. Moderate” is Fedspeak for a strong economy. between March 2022 and June 2023.
We are optimistic that stocks are simply working off the huge start to 2023 and will move to new highs before the year is out. Strong wage growth and lower inflation have helped the economy stay resilient. Why Has the Economy Stayed Resilient? of GDP in the second quarter of 2023, up from 2.6% annual pace. Who Holds U.S.
The Fed made a big shift in its projections and is now much more bullish on the economy. Expectations for a stronger economy also mean the Fed is projecting fewer rate cuts next year. Two: Fed members are buying that the economy is strong. The Fed increased its real GDP growth projection for 2023 from 1% to 2.1%.
This Bull Market Is Still Young As we’ve been saying for close to 18 months, we think we are in a new bull market and the economy will avoid a recession over the coming year. The April jobs number showed a healthy job market while easing concerns that the economy is overheating. Not much has changed, and we still feel this way.
The economy continues to appear in good shape. s consumer-driven economy. Lastly, the first two months of 2024 are continuing a rally that began in the final two months of 2023. We found 14 other times stocks were higher in November, December, January, and February and also for the full calendar year (2023 for the current case).
But now we have a healthy economy, well-contained inflation, a Federal Reserve set to cut rates, improving productivity, record earnings, and stocks at all-time highs. The potential for further productivity gains after a strong 2023 continues to be an important focus for us at Carson. Despite this, annual inflation fell from 5.4%
Following October 7, 2023, oil soared, stocks sold off hard for three weeks, fear spread, and the bears were in control. Strong Job Numbers Are Good News for the Economy and Markets There’s been valid concern that employment conditions are deteriorating, ever so slowly. in April 2023 to 4.3% in July of this year. in 2019, 5.9%
We believe the odds of a recession remain low, with continued income growth, a recovery in rate-sensitive cyclical areas of the economy, and untapped potential for productivity gains helping to support the expansion. What a strange year we had in 2023. And let’s not forget technological advances. In addition, the investment in the U.S.
The Headline GDP Number Masks a Strong Economy The economy grew 1.6% Excluding these categories provides a much clearer picture of actual spending and production in the economy, i.e., final demand after adjusting for inflation. households and businesses bought more from abroad than they did in the fourth quarter of 2023.
While economic growth may have peaked in the third quarter, we expect the economy to remain supportive. With the economy on firm footing and sentiment turning pessimistic, we remain optimistic a significant year-end rally is still possible. The Energizer Bunny Economy You just can’t put this economy down. Despite the U.S.
The S&P 500 rose more than 10% in the first quarter after adding more than 11% in the fourth quarter of 2023. While some cracks may be forming, the economy remains on firm footing. Admittedly, it can be hard to get a full picture of the economy as the data rolls in week after week. and approaching an all-time high.
In their updated “ Summary of Economic Projections ,” they revised their estimates of core inflation for 2023 down from 3.7% In light of softer-than-expected inflation, Fed members made two dovish moves: They removed the extra rate hike for 2023 originally penciled in. The 2024 estimate was revised from 2.6%
If tech is removed from the equation, those numbers are estimated to drop approximately three points, putting stocks right in line with historical averages. One reason many claim the stock market is in a bubble is 2023 earnings were barely positive while stocks soared, implying it was all multiple expansion. to 2.1% (real GDP growth).
The economy remains strong, the consumer is healthy, the wall of worry is intact, and manufacturing is bottoming. The Consumer Is Strong We’ve been hearing for two years that the consumer was tapped out and the economy was headed for a recession. stock prices in a year was the lowest it had been in 2023!
As the chart below shows, the primary driver of disinflation over the past year, from a peak of 9% in June 2022 to 3% in June 2023, was falling energy prices. Housing inflation ran at an annualized pace of 8-10% between June 2022 and February 2023. Inflation, as measured by the Consumer Price Index (CPI), rose 0.6%
That is more than the economy needs to keep up with population growth. That’s encouraging for consumption and the economy. The Labor Market Is Also Normalizing At the beginning of the year, we labeled our 2023 outlook “The Edge of Normal” as we expected markets and the economy to normalize in 2023.
Key Insight It’s important to check with your compliance team, but using Google Reviews and testimonials in your marketing is a great way to showcase what you can do and let others know what it’s like to work with you from a third-party source. Well, struggle no more.
economy continues to look solid, with markets rallying Friday after a stronger-than-expected jobs report. rally for the S&P 500 in the fourth quarter of 2023, the index provided an encore performance in the first quarter with a 10.2% economy, and the job market is leading the way. Following the huge 11.2%
Just make sure that you double-check with compliance. Struggling to find the time to update your clients and prospects on everything happening with the markets and economy? Book a Demo to Find Out More The post Trending This Tuesday – April 11, 2023 appeared first on FMG Suite. Learn how here. Well, struggle no more.
This handy infographic is broken down into the following: Strategy Auditing Technology Paid media Content development Customer response Compliance and risk assessment Measurement 2. Struggling to find the time to update your clients and prospects on everything happening with the markets and economy? Are You Podcasting Yet?
Although many were worried, the economy remained quite strong and odds were high the Fed was done hiking rates. The economy is normalizing, which could loosen tight financial conditions and boost cyclical activity. The October payroll report indicates the economy is slowing from its red-hot pace.
The economy added 206,000 jobs in June, ahead of expectations of 190,000. In fact, the last time it fell 2% or more in one day was way back in February 2023! Fortunately, the doers drive the economy; the thinkers only report on it. The economy created 206,000 jobs last month, above expectations for a 190,000 increase.
For a broad view of our expectations for the economy, stocks, and bonds in 2024, download our 2024 Market Outlook. That bear eventually ended in October 2022, and since then stocks have defied many experts, who continually (and incorrectly) touted a weakening economy, tapped-out consumer, and many other reasons to doubt the new bull market.
Until then, the strong first quarter is just another clue the bulls could have a nice 2023. The chart below shows annualized growth rates of disposable income, employee compensation (across all workers in the economy), and inflation. That’s positive for consumer spending, which makes up 70% of the economy.
Make no mistake, inflation ran hot in the first quarter, especially relative to the fourth quarter of 2023. from last year, and as the solid line in the chart below shows, inflation progress has stalled since June 2023. The March Consumer Price Index (CPI) report was an unwelcome surprise. Headline inflation is up 3.5%
This episode we’re going to be talking about 2023 ETF trends and I thrilled to have some of industry’s most knowledgeable people here to rap about it all: Nate Geraci , host of ETF Prime podcast and President of the ETF Store, and Phil Bak , founder of Armada ETFs. Will 2023 be the year for physical gold ETFs? Was this helpful?
Stocks Bounce Back Following the worst week since March 2023 for the S&P 500 in the first week of September, the index soared 4.1% The bottom line is if the economy was truly about to fall apart like so many economists keep telling us, we’d expect to see more weakness in high-yield bonds right here.
In fact, it hasn’t been up six weeks in a row since late 2023. As long-time readers know, Carson Investment Research has been on record since November of 2022 that the lows were indeed in and prices were going higher, and that the economy would surprise to the upside and avoid a recession. Two years later, we are still saying it.
On the heels of more than 25% in total return for 2023, the S&P 500 returned more than 10% in the first quarter. As long-time followers of this commentary know, we’ve been quite bullish on both the stock market and the economy for well over a year now. The logical question is: How much is too much? 2024 is off to a strong start.
That is particularly meaningful because households have more income to spend elsewhere — keeping consumption and the economy humming. The positive news from the October CPI report is the economy is experiencing broad disinflation, and there’s more to come. The October “surprise” came on the back of lower gasoline prices, which fell 5%.
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