Tag Archives: interest rates

  • Last Week’s Markets in Review: AI Overshadows Fed Minutes

    Last week's holiday-shortened trading period had few data releases that would cause significant market movement. Under "normal" circumstances, the Federal Reserve's January policy meeting minutes would have highlighted the week. Instead, the market was more focused on earnings from artificial intelligence (AI) chip-making giant Nvidia and forward guidance for the now 3rd largest company by market capitalization in the world ... Read More

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  • Last Week’s Markets in Review: Hot Inflation Data Moves Markets

    Last week two important measures of inflation became available for the market to digest. On Tuesday The Bureau of Labor Statistics released the Consumer Price Index Summary (CPI) for January. The index showed that inflation rose more than expected as stubbornly high shelter prices weighed on consumers ... Read More

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  • Last Week’s Markets in Review: S&P 500 Crosses 5000 Milestone

    The inception of the S&P 500 index took place over 100 years ago, in 1923, when it tracked 233 companies using a daily 90-day composite. In 1957, Standard and Poor’s expanded from 233 names to include 500 names as its constituted today. At the start, the index traded at a level of 44.06. Last week, the most highly tracked stock index globally surpassed a level of 5,000, a remarkable feat in its 67 year history ... Read More

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  • Last Week’s Markets in Review: Employment Data Supports Powell’s Cautious Tone

    The FOMC took no action to change the Target Rate from its current position of 5.25% to 5.50% during last week’s meeting, and the first rate decision for the Federal Reserve in 2024. This was exactly what the market expected from the Federal Reserve at this meeting. It was Chairman Powell’s comments that started to go against market sentiment ... Read More

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  • 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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