This roundup of top financial news for the week presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, December 17, 2024
Consumer inflation expectations and small business optimism improved. Although consumer inflation was mostly in line with expectations, producer inflation surprised slightly to the upside. The Nasdaq Composite led the way despite mixed performance from Magnificent Seven stocks. The steepening yield curve is worth monitoring as an improving growth outlook comes at the cost of more expensive long-term financing.
Click here to read the full weekly market report published December 17, 2024.
Weekly Market Update, December 9, 2024
Services weakened as manufacturing confidence got a boost in November. Hiring rebounded swiftly in November after a weather-driven slowdown in October. The Magnificent Seven led the rally in U.S. markets. The yield curve was little changed, with very modest steepening.
Click here to read the full weekly market report published December 9, 2024.
Weekly Market Update, December 2, 2024
Consumer confidence and personal income were better than expected. FOMC meeting minutes showed the Fed expects future rate cuts to come at a more gradual pace. Equity markets continued to show signs of broadening beyond Nvidia and Tesla. The back end of the yield curve came down notably amid stronger Treasury auctions.
Click here to read the full weekly market report published December 2, 2024.
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.