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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!
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 financialservices industry. Greater use of data and analytics : Financialservices firms are using data and analytics to identify and manage risks more effectively.
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.
That’s not bad, but that’s clearly a slowdown from what we saw in the first quarter of 2024, when monthly job growth averaged 267,000. Between mid-2023 and mid-2024, we saw the unemployment rate move higher even as payroll growth remained fairly strong. range (or even lower) in Q4 2024 and Q1 2025.
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. Compliance Case # 7521978.1._011325_C
In 2023 and 2024 it made more sense to be heavily in stocks, and the big US technology-oriented names in particular, but with many of the growing worries, there is nothing wrong with having a portfolio that will help you sleep at night, but dont panic and sell after a few bad days.
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. When profits are at a record, stocks tend to follow, and we expect that to occur in 2024.
Multiple signs indicate there won’t be a recession in 2024, which contradicts what many expect. We broke this down as a percentage of disposable income to keep it consistent, but it tells a story not often told and suggests no recession is coming in 2024. The consumer remains strong and household balance sheets are in good shape.
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.
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. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices.
This model encompasses exchange listings, trading services, and clearing and settlement processes. It also includes indices, market data feeds, and financial education offerings. NSE also oversees compliance by its members and listed companies with relevant rules and regulations.
Thats just about half the contribution we saw in 2023 and 2024. Goods spending can be volatile, but what holds steady is services spending (which makes up 46% of GDP). Its too early to tell whether the January services spending data is a blip. in 2024, well above the 2018-2019 average of 2.1%. on an annualized basis).
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. As we approach 2024, the AI theme appears enduring. Just like everyone called it, right?
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 NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices.
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. On top of that, we expect disinflation to continue into 2024. What sparked the historic rally? in 2023 and 2.6% 5.50% to the 4.0-4.25%
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.
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%
FOR IMMEDIATE RELEASE NEW YORK, NY — September 3, 2024: Harness , a New York-based fintech startup that seeks to make bespoke tax & financial advice accessible to more households, is excited to announce the appointment of Will Bressman to its Board of Directors.
High-touch financialservices is not one of them. Aside from these being integral to any relationship, at the time of this publication (2024), Google has recently released an update to the way search engine ranks are calculated. There are many verticals that one-time marketing works great for, like Amazon sales or impulse buys.
Source: Bureau of Labor Statistics 8/2/2024 All eyes were on the unemployment rate in this report, which has been creeping higher over the past several months. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices.
Share Price Movement In Friday’s trading session, Oracle FinancialServices Software’s share price was up by 2.71 What Happened The stock surge was driven by the good results in revenue and net profits reported by Oracle FinancialServices Software Ltd for the recent quarter. percent trading at Rs. percent.
We expect rate cuts in 2024, perhaps starting in May. We will discuss the economic data in more detail below, but broadly, the data shows improvements in manufacturing, housing, services, and inflation as well as healthy employment and a strong consumer. This is likely to continue into 2024. after adjusting for inflation.
Fast forward 12 months and not only did we not have a recession, but economic growth has accelerated over the past quarter and is showing strong momentum as we head into 2024. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices.
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. October is the worse month during an election year and after the incredible run stocks have seen so far this year, we wouldn’t be surprised at all if we saw some usual October volatility in 2024.
The expectation for GDP growth in 2024 was also increased from 1.1% The Fed had projected some rate cuts in 2024, but expectations for a stronger economy has caused those projections to fall. In June, the Fed projected the 2024 rate at 4.6%, implying 1% worth of cuts. and the 2024 rate up from 4.1% by the end of 2024.
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.
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. Consensus has moved toward our view in 2024, but we still see quite a bit of gloom out there, with several strategists holding to their recession calls.
Services inflation excluding housing is trending in the right direction but would have to move further for the Fed to begin to cut rates. In 2024, even a slightly less restrictive Fed may be welcomed by markets, which may cheer a federal funds rate of 4.5% In fact, by spring of 2024, the Fed could even start considering rate cuts.
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. year over year as of the second quarter of 2024, versus 4.6% Employment between April 2023 and March 2024 was revised down by 818,000. In fact, consumer credit is up only 1.6%
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.
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. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices. MAY”be we have a positive signal from the strong May.
These factors are tailwinds as we head into 2024 and likely beyond. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices. The S&P 500 is up close to 20% on the year, one big reason to be thankful.
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. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices.
Big picture: The bull market is alive and well, and we continue to expect higher prices overall in 2024. 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%. With respect to policy, we still expect rate cuts in 2024. Headline CPI rose 0.3%
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%. Fed officials upgraded their economic growth projections for 2024 from 1.4% Their nominal GDP growth forecast for 2024 (real GDP growth plus inflation) increased from 3.8% to 2.1% (real GDP growth).
The picture for March 2024 looks closer to what it did in December 2019, rather than June 2022. In March 2024, 36% of categories had inflation rates above 4%. But continued progress on inflation means we could see one or two rate cuts in 2024, perhaps in September or December. 5.50%) for a tad longer. That is well above the 1.1%
in 2024 (including dividends). in Q1 2024, and in April-May the pace was 4.7%. They raised their 2024 projection for core inflation from 2.6% It doesn’t seem like a big shift, except they now project just 1 rate cut (worth 0.25%-points) in 2024, versus the 3 projected in March. The index is now up 14.6% In fact, a 2.8%
increase in the last quarter of 2024. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices. Compliance Case # 02219915_042924_C The post Market Commentary: Is “Sell in May” Still Relevant? This was well below expectations for a 2.5%
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.
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.
“ Sometimes the questions are complicated and the answers are simple.” — Dr. Seuss 2024 came out swinging. In the second half of 2023 and into 2024, the cyclical areas of the economy — business investment and housing — started to recover and add to GDP growth, even as consumption remained above trend and buoyed by a strong labor market.
Global Leaders Strategy Investment Letter: January 2024 bgregorio Wed, 01/17/2024 - 05:23 Just want the PDF? We are very grateful for the support & trust from our clients as we approach our ninth anniversary and we wish you a healthy and happy 2024. but our minds were more focused on thinking about the losers.
Overall, the bull market is alive and well and we continue to expect further gains for the S&P 500 in 2024. Use cases are expanding across industries, reflecting an overall focus on increasing productivity that may have long-lasting effects, a theme we discussed in our 2024 Outlook Seeing Eye to Eye. AI is not only a NVIDIA story.
Lastly, the first two months of 2024 are continuing a rally that began in the final two months of 2023. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financialservices. The S&P 500 was up 19.9%
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