Tag Archives: global markets

  • Last Week’s Markets in Review: Strong Earnings vs. Declining Consumer Sentiment

    For all the mothers who are either customers or readers of this Update, we hope that Mother’s Day was an enjoyable day spent with family.As of the end of last week data sourced from FactSet shows that corporate earnings are trending positively in 10 of the 11 industry sectors that make up the S&P 500. For Q1 2024 (with 92% of S&P 500 companies reporting actual results), 78% of S&P 500 companies have reported a positive EPS surprise and 59% have reported a positive revenue surprise ... Read More

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  • Last Week’s Markets in Review: Rates Unchanged, Unemployment Rises

    Fed Chair Jerome Powell recognized recent setbacks in its fight against inflation but signaled a preference for maintaining current interest rates for an extended period rather than considering further increases. At their Wednesday meeting, officials opted to keep the benchmark federal-funds rate steady at a range between 5.25% and 5.5%, the highest in two decades ... Read More

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  • Last Week’s Markets in Review: Economic Growth Slows in the First Quarter

    Markets experienced a fairly volatile week as both equities and bonds reacted to economic data that included New Home Sales and Durable Goods Orders for March on Wednesday, Gross Domestic Product (GDP) for the first quarter, and Weekly Jobless Claims on Thursday, and Personal Income and Outlays for March on Friday ... Read More

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  • Last Week’s Markets in Review: Fed’s Plans Uncertain as Powell Signals Caution

    Federal Reserve Chair Jerome Powell stated on Tuesday that firm inflation in the first quarter raises doubts about the possibility of lowering interest rates this year without signs of an unexpected economic slowdown. This shift in the Fed's outlook follows stronger-than-anticipated inflation readings for the third consecutive month, potentially dashing hopes for pre-emptive rate cuts this summer ... Read More

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  • Last Week’s Markets in Review: Current Prices, Inflation and Monetary Policy

    The CPI rose 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage points higher than in February. Economists surveyed by Dow Jones had been looking for a 0.3% gain and a 3.4% year-over-year level. Excluding the volatile food and energy components, the core CPI reading also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared with respective estimates for 0.3% and 3.7% ... Read More

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  • Last Week’s Markets in Review: Earthquakes, Eclipses, and… Jobs

    While the world was focused on major earth-moving quakes on the East Coast of the United States and the anticipation of a rare solar eclipse, markets were busy digesting a robust U.S. jobs market. In March, U.S. job growth exceeded expectations, with 303,000 jobs added and the unemployment rate falling to 3.8%, while wages rose by 0.3%, the smallest increase since June 2021 ... Read More

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  • Last Week’s Markets in Review: Strong Consumer Data Contributes to the Equity Rally

    In a trading week that was shortened in observance of the Easter holiday, the economic calendar was robust with new data. On Tuesday, the U.S. Census Bureau released the Durable Goods Orders for February with new orders increasing by 1.4% on a monthly basis, slightly better than the consensus estimate of 1.3%. Notably, this marked the first positive monthly result following two consecutive monthly decreases ... Read More

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  • Last Week’s Markets in Review: March Madness All Over Again

    Exactly two years ago to date we had written a market update labeled “March Madness”. The basis of the commentary was not about excitement surrounding the NCAA basketball tournament as many would have preferred, but instead it was talking about the commencement of the Fed’s interest rate hiking cycle ... Read More

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