Tag Archives: 2023

  • Last Week’s Markets in Review: Economy Grew while Inflation Cooled in 2023

    Resilience in the labor markets and strong consumer spending pushed near-term recession fears aside as the U.S. economy expanded 3.1% over the past year, according to the Commerce Department this past week. Entering 2023, economists had widely projected a recession, which would have resulted from a contraction in economic growth for the world's largest economy ... Read More

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  • Last Week’s Markets in Review: S&P 500 Hits All-time High

    The past week saw the rally in equities continue, with both the Dow Jones Industrial Average and the S&P 500 Index achieving record levels on Friday, the latter eclipsing the record level last reached on January 3, 2022. It should be noted that the recent run for stocks has resulted in some stretched valuations as the price to earnings (P/E) ratio of the S&P 500 is now approximately 23.9 ... Read More

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  • Last Week’s Markets in Review: Inflation Prints Give Mixed Signals

    After cooling off throughout 2023, inflation ticked higher in the final monthly reading from the Labor Department. To start, the Consumer Price Index (CPI) rose by 0.3% for the month of December versus the November reading and 3.4% on an annual basis. These figures were higher than the previous monthly readings and the Dow Jones estimates of 0.2% (month-over-month) and 3.2% (year-over-year) ... Read More

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  • Last Week’s Markets in Review: Labor Market Remains Resilient as 2024 Begins

    The holiday-shortened trading week was full of economic data concerning the employment segment of the domestic economy. As we have stated throughout the prior year, the resilience of the labor market remains an important ingredient in determining the future actions of the Federal Reserve concerning monetary policy ... Read More

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  • Last Week’s Markets in Review: 2023 Year in Review

    Heading into 2023 the vast majority of analysts and economists had predicted doom and gloom for markets with the expectation that there would be an inevitable economic recession on the horizon. After the Federal Reserve aggressively raised interest rates in 2022, and was expected to continue raising rates in 2023, there appeared to be no end in sight to their efforts to help bring down persistent levels of high inflation ... Read More

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  • Last Week’s Markets in Review: Chairman Powell’s Christmas Gifts

    It would appear that Federal Reserve Chairman Powell also enjoyed the week before Christmas, given the gifts they received through favorable releases of certain economic data. The favorable economic data consisted of Consumer Confidence, the final report on 3rd Quarter GDP, weekly Jobless claims, and Personal Income and Outlays for November ... Read More

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  • Top 10 Investment Themes for 2024

    The Top 10 Investment Themes for 2024 can be summarized as "An Expansion of the Rally." But there are dark clouds on the horizon, still ... Read More

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  • Last Week’s Markets in Review: Soft Landing Hopes Push Dow to All-Time High

    The Federal Open Market Committee concluded 2023 by keeping a pause on interest rate activity after delivering four separate 25-basis point hikes throughout the year. The announcement was widely expected after recent lower inflation figures and higher unemployment data suggested that recent Fed actions are starting to impact the economy ... Read More

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