This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Welcome to the June 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
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.
Current Market Volatility Normal for a Bull Market The S&P 500 is off to a bit of a rocky start in 2025, an extension of weakness in December 2024. While there are reasons for recent declines, we view it in part as a perfectly normal pause after the gains of 2023 and 2024. In fact, one of the reasons for last weeks 1.9%
Further, critics of non-compete agreements argue that they restrict dynamism in the overall economy by making it harder for businesses to hire (as the pool of applicants will be smaller in industries where non-competes are prevalent ), and for employees subject to non-competes to start new companies.
Five Things to Know About December The final month of 2024 is here, and this week we wanted to show why the chance of another strong month to end this record-breaking year is likely. 2024 of course isn’t over yet, but it is pretty incredible that as strong as last year was, this year is up more right now.
Stocks Fell Again The S&P 500 had a late week bounce on Friday last week, but still fell more than 3% for the week for the worst week for the index since early September 2024. The worries are growing, from a potentially slowing economy, to a growing and more aggressive trade war, to worries over Washington policy.
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. These guidelines dont mean we ignore context.
It is important to remember that stocks lead the economy, both on the way up and the way down. To us, this is the market’s way of saying the economy will continue to see solid growth next year. Multiple signs indicate there won’t be a recession in 2024, which contradicts what many expect. million this year.
ECONOMY The economy saw blockbuster productivity growth in the third quarter. Business formation and policy could continue to support productivity in 2024. STOCK MARKET: WHY WE THINK THE BULL MARKET WILL CONTINUE IN 2024 [link] As we head into 2024, earnings could drive stocks higher. in the third quarter.
The S&P 500 is up more than 27% in 2024, which would go down as the best election year return ever, and it has made 56 new all-time highs, among the most ever as well. Optimism over lower taxes, a stronger economy, animal spirits, and strong earnings all were likely reasons for the surge. annualized pace over the last three months.
Good Riddance, February The second half of February was rough, as worries over the economy, tariffs, and large cap tech weakness dominated the conversation. We continue to think the bull market is alive and well and the economy is on solid footing, but that doesnt mean we wont have scary headlines or worries. Heres the thing.
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%
Economic data last week showed the economy slowing more than expected, adding to worries about a potential recession. Monthly nonfarm payrolls came in weak, adding to the worries about the overall strength of the economy. Lower rates could provide a jump to the economy on both fronts.
It is simple, but not easy.” — Warren Buffett, Berkshire Hathaway Looking ahead to 2024, there are four reasons for bulls to smile. Going against the crowd will always ruffle feathers, but we saw many reasons to do it then, and we see many more to expect continued good times in 2024. Here’s our final reason to be bullish in 2024.
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. The extreme strength since late October is consistent with major bull markets, and we expect this overall upward trend to continue in 2024. million jobs.
The economy surprised, the consumer remained resilient, stocks soared, and even bonds did well on the year thanks to a late-innings rally. As we look ahead to 2024, we want to share with you some of our team’s favorite charts on the year. Some are perhaps unorthodox, but they tell us a lot about 2023 while setting the scene for 2024.
Inflation continues to come back to earth, suggesting it will no longer be a headwind in 2024. The Fed is now expected to cut rates in 2024, which should help support both stock and bond markets. Fed officials are now acknowledging that inflation can fall even as the economy remains strong and unemployment stays low.
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. We expect rate cuts in 2024, perhaps starting in May. Economy: This Time Was Different, and That’s a Big Deal The U.S.
May job growth surprised to the upside with the economy adding a robust 272,000 jobs. 2024 is one of the better starts to a year ever, but you’d never know it if all you looked at were the headlines. How the consumer is tapped out, the economy is headed for a recession, only a few stocks are going up, and so on endlessly.
NSE also oversees compliance by its members and listed companies with relevant rules and regulations. As of September 2024, The National Stock Exchange has nearly 2200+ companies listed on its exchange. As of March 31, 2024, its high-speed network connected over 225,718 terminals across India.
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. That is a huge shift and an acknowledgement that the economy is strong.
The economy continues to surprise to the upside, as we will discuss more below. With earnings hitting new highs and the economy continuing to expand, it’s no wonder stocks have hit 42 new all-time highs in 2024. Absolutely, but we would use that as an opportunity to benefit from potentially higher prices before 2024 is done.
The 12 months ending September 2024 saw the S&P 500 gain an incredible almost 35%, for one of the best 12-month returns in recent history. 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.
As Lee Corso would say, “Not so fast, my friends.” From the end of 2019 through March 15, 2024, the S&P 500 has gained 71%. Keep in mind that even two cuts for an economy that’s running strong is a welcome tailwind for growth. Fed officials upgraded their economic growth projections for 2024 from 1.4%
As scary as last week was, even the best years tend to see volatility and some scary headlines, so to think 2024 would be any different was probably foolish. pullback we’ve seen in 2024 in better perspective. We don’t expect 2024 to be any different. peak to trough intra-year as well. That puts the 11.5% rally and 8.5%
Go Digit IPO Review 2024: Go Digit is coming up with its IPO issue of Rs. Cr which will open on 15th May 2024. The issue will close on 17th May and be listed on the exchange on 23rd May 2024. This article will analyze the strengths and weaknesses of the Go Digit Ltd Limited IPO Review 2024. Keep reading to find out!
In 2024, the financial services industry is likely to face a number of new challenges, such as the continued impact of inflation, the potential for a recession, and the increasing risk of cyberattacks. Regulatory compliance : The regulatory landscape is constantly changing.
In 2024, even a slightly less restrictive Fed may be welcomed by markets, which may cheer a federal funds rate of 4.5% That is particularly meaningful because households have more income to spend elsewhere — keeping consumption and the economy humming. Inflation data last week likely took an additional rate hike off the table.
As discussed in our 2024 Market Outlook, we believe the rate cuts would support a 4-6% total return for the Bloomberg U.S. Aggregate Index in 2024. For a broad view of our expectations for the economy, stocks, and bonds in 2024, download our 2024 Market Outlook. by the end of 2024. by the end of 2024.
Carson Investment Research 2024 Market Outlook: Seeing Eye to Eye We are targeting a total return of 11-13% for the S&P 500 Index in 2024 and 4-6% for the Bloomberg U.S. Market participants, strategists, policymakers, and the economy rarely saw eye to eye. Aggregate Bond Index. What a strange year we had in 2023.
DON’T FEAR A STRONG START TO THE YEAR It’s April 1, and the first quarter of 2024 is in the books. 2024 is off to a strong start. Stocks have ended each of the first three months of 2024 higher. by the end of the first quarter, which is a little different than the approximately 10% gain so far in 2024. While our U.S.
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 Headline GDP Number Masks a Strong Economy The economy grew 1.6% increase in the last quarter of 2024. Excluding these categories provides a much clearer picture of actual spending and production in the economy, i.e., final demand after adjusting for inflation. in the first quarter, after adjusting for inflation.
13, was important for two reasons: The Federal Reserve acknowledged that inflation is easing faster than expected, and Fed members will likely start cutting rates in the first half of 2024. The 2024 estimate was revised from 2.6% They moved the 2024 rate estimate from 5.1% Wednesday, Dec. Let’s start with the Fed meeting.
After a large reversal Thursday, stocks bounced back Friday, bolstered by the continued impressive performance of the economy (further details below). Instead of saying the economy grew at a “modest” pace, Fed members said it’s growing at a “moderate” pace. Moderate” is Fedspeak for a strong economy. The economy grew 2.4%
The economy remains strong, the consumer is healthy, the wall of worry is intact, and manufacturing is bottoming. These factors are tailwinds as we head into 2024 and likely beyond. 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.
As we will discuss below in more detail, we still believe the US economy is just fine. Given stocks are up more than 14% this year currently, we do expect to see potentially more gains before 2024 is over. We didn’t expect 2024 to be any different and sure enough, it hasn’t been. But are we out of the woods yet?
“ Sometimes the questions are complicated and the answers are simple.” — Dr. Seuss 2024 came out swinging. 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.
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. As we wrote in our 2024 Outlook, “Seeing Eye to Eye” ( download here ), productivity growth is a game-changer for the economy. equities in particular.
in 2024 (including dividends). And companies can grow earnings as long as the global economy grows, which is something it has been doing much more often than not for several millennia. There have been short-term fluctuations when the economy has slowed, but the overall trend has been strong. The index is now up 14.6%
economy continues to look solid, with markets rallying Friday after a stronger-than-expected jobs report. Of course, markets will ultimately respond to movement in the economy and corporate America, which we discuss below. economy, and the job market is leading the way. last week, getting the first quarter off to a slow start.
More New Highs for 2024 We might sound like a broken record, but stocks made more new highs last week. Nonetheless, the S&P 500 is now up to 45 all-time highs in 2024, which already ranks as the ninth most ever. Nonetheless, the S&P 500 is now up to 45 all-time highs in 2024, which already ranks as the ninth most ever.
Big picture: The bull market is alive and well, and we continue to expect higher prices overall in 2024. The economy remains on firm footing overall, and we expect record earnings this year. The timing of the first cut has been pushed out to June and investors are pricing in about four rate cuts in all of 2024, equivalent to 1%.
Although conditions are quite stretched near term, we continue to expect higher prices in 2024. The bottom line is the economy is strong because the labor market is strong. The global economy was in shambles, and people were losing their jobs all around. Bank stocks were outright collapsing, with many down 90%.
We organize all of the trending information in your field so you don't have to. Join 36,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content