This roundup of top financial news for the week presented by Matt Glova and the LifeTime Asset Management team:
Monthly Market Update, November 30, 2024
Quick Highlights:
1. Stocks Rally in November – U.S. stocks rose on rising investor optimism for faster growth ahead.
2. Bonds Rebound as Federal Reserve Cuts Rates – Falling interest rates supported bonds during the month.
3. Supportive Economic Backdrop – The economic updates released in November showed signs of economic growth.
4. Risks to Monitor – Markets face a number of risks as we finish out the year.
5. Positive Outlook Ahead – We believe the most likely path forward is for continued market appreciation and economic growth.
Click here to read the full monthly market report published November 30, 2024.
Weekly Market Update, November 25, 2024
Housing data was mixed; home builder confidence and existing home sales fared better than expected but new home starts disappointed. Consumer sentiment fell as current economic conditions weighed on the index. Nvidia’s earnings turned out to be a less volatile event than expected; the firm’s earnings beats have been smaller recently. The front end of the yield curve lifted on rising
short-to-intermediate-term inflation expectations.
Click here to read the full weekly market report published November 25, 2024.
Weekly Market Update, November 18, 2024
Consumer and producer inflation picked up in October. Retail sales were stronger than expected. A reversal of the election rally and sector rotation related to the new administration were two major themes in equities. The 10-year Treasury yield rose 17.5 bps on stronger-than-expected inflation and economic data.
Click here to read the full weekly market report published November 18, 2024.
Weekly Market Update, November 11, 2024
The Fed voted unanimously to cut rates another 25 bps. Service sector and consumer confidence showed signs of improvement. Small-cap stocks led the way amid speculation of support via tariffs and deregulation. The yield curve brushed off its initial spike.
Click here to read the full weekly market report published November 11, 2024.
Weekly Market Update, November 4, 2024
Better-than-expected consumer confidence was reflected in the September spending figure. Hiring, hampered by the Boeing strike and two hurricanes, slowed notably in October. Mega-cap names showed signs of potential headwinds ahead. The yield curve continued to flatten; the area beyond the 2-year yield moved higher.
Click here to read the full weekly market report published November 4, 2024.
Monthly Market Update, October 31, 2024
Quick Highlights:
1. Stocks Slide in October – A late-month sell-off led to a down month for stocks.
2. Bonds Fall in October – Rising interest rates caused bonds to fall during the month.
3. Surprisingly Resilient Economic Growth – The economic updates released in October showed signs of economic resiliency.
4. Risks to Monitor – Markets face a variety of risks as we head to the end of the year.
5. Positive Outlook Ahead – The most likely path forward is for continued market appreciation and economic growth.
Click here to read the full monthly market report published October 31, 2024.