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From Fed Chair Powell: Economic Outlook Despite elevated levels of uncertainty, the U.S. Recent Economic Data Economic growth The economy has been growing at a solid pace. Recent indicators point to a possible moderation in consumer spending relative to the rapid growth rate over the second half of 2024.
(cnbc.com) How Lilly plans to ramp production by 50% in 2024. disciplinefunds.com) The economic tables have turned as Greece, Spain and Portugal outperform. abnormalreturns.com) Adviser links: communication skills. biopharmadive.com) CEOs Corporate execs get a good deal when they fly on their corporate jets.
In our view, based on the median policy rate path as expressed in the September SEPs and communication from some FOMC participants like San Francisco Fed President Mary Daly, the committee is likely to engage in a debate on the appropriateness of slowing the pace of policy rate hikes beginning in December. June 2022 1.5 in September.
On the meeting this week from BofA: " We expect the Fed to stay on hold at the September FOMC meeting , consistent with recent Fed communications and current market pricing. The biggest focus of the September meeting should be the updated Summary of Economic Projections (SEP). Economic projections will be released at this meeting.
Excerpt: The economic forecast prepared by the staff for the June FOMC meeting continued to assume that the effects of the expected further tightening in bank credit conditions, amid already tight financial conditions, would lead to a mild recession starting later this year , followed by a moderately paced recovery.
From the Fed: Minutes of the Federal Open Market Committee June 11–12, 2024. In discussing their individual outlooks for the target range for the federal funds rate, participants emphasized the importance of conditioning future policy decisions on incoming data, the evolving economic outlook, and the balance of risks. emphasis added
Stocks Rally To Record Highs Stocks traded in a fairly tight range for the first half of the short week, yawning at the lack of economic data while awaiting earnings results from one key company that creates chips that power the artificial intelligence operations of many firms. Source: YCharts.com, February 24, 2024. A), eBay Inc.
1,2,3,4,5 Source: YCharts.com, January 13, 2024. A Tale Of Two Inflation Reports The biggest economic news last week was fresh inflation data. 6,7,8 This Week: Key Economic Data Tuesday: Empire State Manufacturing Index. CNBC.com, January 8, 2024. CNBC.com, January 9, 2024. CNBC.com, January 10, 2024.
Weekly Market Insights: Market Retreats On Inflation, Economic Reports Presented by Cornerstone Financial Advisory, LLC Stocks fell last week as investors reacted to disappointing inflation updates and other economic reports that fell short of estimates. 3 Source: YCharts.com, February 17, 2024. CNBC, February 16, 2024.
Weekly Market Insights: Excitement Around Big Tech Continues Presented by Cornerstone Financial Advisory, LLC Stocks continued their upward climb last week as excitement around big tech continued; positive economic reports stoked investors’ belief that the Federal Reserve has pulled off a soft landing. Core inflation was 3.2%
2 Source: YCharts.com, February 3, 2024. 3 This Week: Key Economic Data Monday: ISM Services Index. Source: Investors Business Daily – Econoday economic calendar; February 2, 2024 The Econoday economic calendar lists upcoming U.S. CNBC.com, January 29, 2024 2. CNBC.com, February 2, 2024 4.
Weekly Market Insights | September 9th, 2024 Rough Start, Unsettling End. Stocks fell last week as soft economic data rattled investors focused on the Fed’s next move with interest rates. 1,2 Economic Data Unsettles Investors The four-day trading week got off to a rough start as weak manufacturing data reawakened recessionary fears.
4 Source: YCharts.com, March 23, 2024. 4,5 This Week: Key Economic Data Monday: New Home Sales. Source: Investors Business Daily – Econoday economic calendar; March 18, 2024 The Econoday economic calendar lists upcoming U.S. The Wall Street Journal, March 22, 2024 2. CNBC.com, March 20, 2024 3.
3 Source: YCharts.com, February 10, 2024. Economic Strength The strength of the U.S. 5 This Week: Key Economic Data Tuesday: Consumer Price Index (CPI). Source: Investors Business Daily – Econoday economic calendar; February 8, 2024 The Econoday economic calendar lists upcoming U.S. Retail Sales.
3,4 Source: YCharts.com, March 16, 2024. 5 This Week: Key Economic Data Monday: Housing Market Index. Source: Investors Business Daily – Econoday economic calendar; March 13, 2024 The Econoday economic calendar lists upcoming U.S. The Wall Street Journal, March 15, 2024 2. CNBC, March 15, 2024 4.
4,5 Source: YCharts.com, March 9, 2024. 6,7 This Week: Key Economic Data Tuesday: Consumer Price Index. Source: Investors Business Daily – Econoday economic calendar; March 2, 2024 The Econoday economic calendar lists upcoming U.S. The Wall Street Journal, March 8, 2024 2. CNBC, March 7, 2024 4.
1 Economic news also helped boost markets. 2 Source: YCharts.com, March 2, 2024. Consumers Remain Upbeat With all the excitement over AI, it’s easy to overlook some key economic indicators that also speak to the underlying strength of the economy—specifically, consumer data. percent in January versus December—and 2.4 Beige Book.
Weekly Market Insights : New Years Blues Stocks retreated in the first trading week of 2024, struggling a bit after a celebratory end to last year as investors second-guessed Fed signals and fretted over lingering inflation concerns. Source: YCharts.com, January 6, 2024. The Wall Street Journal, January 5, 2024 2.
6 This Week: Key Economic Data Wednesday: Institute for Supply Management (ISM) Manufacturing Index. Source: Econoday, December 29, 2023 The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials.
Stocks vs bonds historical returns by calendar year (1997 – 2024) Top takeaways: Between 1997 and 2024, the S&P 500 returned 9.7% Returns shown are based on calendar year returns from 1950 to 2024. Growth of $100,000 is based on annual average total returns from 1950 to 2024. on an average annualized basis.
Weekly Market Insights: Big Win For Big Tech Presented by Cornerstone Financial Advisory, LLC Stocks finished higher last week, with big tech again leading amid lingering uncertainty over how continued economic strength would influence the Fed’s rate decision. Source: YCharts.com, January 20, 2024. NFLX), Verizon Communications Inc. (VZ)
Weekly Market Insights: Mixed Message From Fed Chair, Governor Presented by Cornerstone Financial Advisory, LLC Stocks finished the last week of June and Q2 mixed as investors digested a fresh round of economic data. 2 With the back half of the week packed with fresh economic data, conflicting stories developed about the economy.
Weekly Market Insights | July 22nd, 2024 Investors Shift, Anticipating Lower Interest Rates Stocks were under pressure last week as investors appeared to rotate out of mega-cap tech stocks and into areas that may benefit from lower interest rates. 4,5,6 Source: YCharts.com, July 20, 2024. The Standard & Poor’s 500 Index fell 1.97
Weekly Market Insights: Stocks Rise Modestly Over Short Trading Week Presented by Cornerstone Financial Advisory, LLC Stocks edged higher over the four trading days last week, with the three major averages taking turns leading based on various economic and artificial intelligence (AI) news. 4,5 Source: YCharts.com, June 22, 2024.
During times of economic, financial, and political uncertainty, investors often wonder where to invest or what changes to make to their portfolio. Again, every recession or economic downturn is different. Swings in the financial markets also highlight the benefitsand limitationsof diversification. But history offers a helpful lens.
Weekly Market Insights: Stocks Sag On Downbeat Economic Indicators Presented by Cornerstone Financial Advisory, LLC Stocks edged lower in the final week of May as fresh news on economic growth and inflation failed to inspire investors. Source: YCharts.com, June 1, 2024. CNBC.com, May 30, 2024 2. CNBC.com, May 31, 2024 3.
Weekly Market Insights: Solid Week Despite Mixed Reports Presented by Cornerstone Financial Advisory, LLC Stocks rose last week despite conflicting stories from economic reports. 2,3 Source: YCharts.com, June 8, 2024. 4 This Week: Key Economic Data Monday: 3-Month Treasury Bill Auction. The Wall Street Journal, June 7, 2024 2.
Weekly Market Insights | August 19th, 2024 The S&P 500’s Best Weekly Gain of The Year. Stocks posted solid gains last week, buoyed by robust economic data and constructive comments from Fed officials. 6,7 Source: YCharts.com, August 17, 2024. 8 This Week: Key Economic Data Monday: Leading Indicators.
3 Source: YCharts.com, July 6, 2024. 5,6 This Week: Key Economic Data Tuesday: Fed Chair Jerome Powell speaks. Source: Investors Business Daily – Econoday economic calendar; July 5, 2024 The Econoday economic calendar lists upcoming U.S. The Wall Street Journal, July 5, 2024 2. Consumer Sentiment.
Weekly Market Insights | August 5th, 2024 Stocks Fall, Concerns Rise. Stocks fell broadly last week as investors looked past upbeat Fed comments and focused on disappointing corporate reports and weaker-than-expected economic data. 5,6 Source: YCharts.com, August 3, 2024. The Econoday economic calendar lists upcoming U.S.
1,2 On Tuesday, remarks from Fed Chair Jerome Powell indicated a shift in thinking—from being confident to not-so-confident about interest rate cuts in 2024. 5 Source: YCharts.com, April 20, 2024. 6 This Week: Key Economic Data Tuesday: PMI Composite. The Wall Street Journal, April 19, 2024 2. CNBC.com, April 15, 2024 3.
5 Source: YCharts.com, June 15, 2024. 7,8 This Week: Key Economic Data Monday: Empire State Manufacturing Index. Source: Investors Business Daily – Econoday economic calendar; June 13, 2024 The Econoday economic calendar lists upcoming U.S. The Wall Street Journal, June 14, 2024 2. FDS), CarMax Inc.
2 Source: YCharts.com, May 25, 2024. Financial, economic, political, and regulatory issues may cause the actual results to differ from the expectations expressed in the forecast. This Week: Key Economic Data Tuesday: Consumer Confidence. The Wall Street Journal, May 22, 2024 2. Sectorspdrs.com, May 24, 2024 3.
Weekly Market Insights | October 21st, 2024 Sixth Week of Gains on Wall Street Stocks posted modest gains last week, with quarterly earnings season in full swing and the election on the horizon. 5 Source: YCharts.com, October 19, 2024. PM), Verizon Communications Inc. (VZ), The Standard & Poor’s 500 Index increased 0.85
Weekly Market Insights | September 3rd, 2024 Pressure on the Nasdaq and S&P 500 There were mixed results for stocks last week as upbeat economic data and a critical Q2 corporate report shaped the week. 4 Source: YCharts.com , August 31, 2024. 6 This Week: Key Economic Data Tuesday: ISM Manufacturing Index.
Weekly Market Insights | August 26th, 2024 The Dow Jones Industrial Average picks up. 7 Source: YCharts.com , August 24, 2024. 8 This Week: Key Economic Data Monday: Durable Goods. Source: I nvestors Business Daily – Econoday economic calendar ; August 23, 2024 The Econoday economic calendar lists upcoming U.S.
Weekly Market Insights | July 29th, 2024 Down Corporate Reports Shake Investors Stocks had a mixed, see-saw week as disappointing corporate reports unsettled investors who appeared to rotate away from some leading groups in favor of other names. 4 Source: YCharts.com , July 27, 2024. The Wall Street Journal, July 26, 2024 2.
1 Stocks hung out in a narrow trading band Tuesday and Wednesday, yawning at the sparse economic news and a handful of negative earnings results. 4,5 Source: YCharts.com, May 11, 2024. The markets all year have responded well when the “Goldilocks” outlook suggests that economic indicators are “just right.”
Click here or below to see or enlarge the entire bracket for 2024. We still like Energy this year and that is especially so with it being one of the most beaten down economic sectors from 2023. 5 seed Targa Resources ( TRGP ) knocks out #11 Charter Communications ( CHTR ).
Weekly Market Insights | August 12th, 2024 Stocks Fall, Speculation Slows Down. 4 Source: YCharts.com , August 10, 2024. 6 This Week: Key Economic Data Tuesday: Producer Price Index (PPI). Source: I nvestors Business Daily – Econoday economic calendar ; August 8, 2024 The Econoday economic calendar lists upcoming U.S.
4 On Thursday, markets slipped on two fresh pieces of economic data: a Gross Domestic Product (GDP) slowdown and higher consumer prices. 5 Source: YCharts.com, April 27, 2024. Earnings Vs. Inflation Corporate earnings and economic reports battled it out last week. The big economic news was that Q1 GDP grew at a 1.6
Weekly Market Insights: Volatility, Uncertainty Rule The Week For Markets Presented by Cornerstone Financial Advisory, LLC Stocks notched a solid gain last week, rallying behind upbeat earnings, a dovish Fed, and mixed economic data. 3 Source: YCharts.com, May 4, 2024. 4,5 This Week: Key Economic Data Wednesday: EIA Petroleum Report.
4 Source: YCharts.com, April 13, 2024. The start of Q1 earnings season reinforced inflation concerns as several leading money center banks—despite many beating expectations—forecasted lower growth for the remainder of 2024 due partly to inflation and higher-than-expected rates. 5,6 This Week: Key Economic Data Monday: Retail Sales.
Weekly Market Insights | July 15th, 2024 Stocks Advance After New Inflation Data Stocks advanced last week as market leadership shifted amid fresh inflation data and quarterly corporate reports starting to roll in. Source: YCharts.com, July 13, 2024. The Wall Street Journal, July 12, 2024 2. Tuesday: Retail Sales.
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