This roundup of top financial news for the week presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, Feb 20, 2024
Consumer and producer inflation came in higher than expected in January. Retail sales fell by more than expected in January, but consumer sentiment showed signs of improvement in February. The surprise inflation report saw a slight rotation back toward value stocks. Bond investors demanded higher yields as higher inflation will take a bigger bite out of their coupon payments.
Weekly Market Update, Feb 12, 2024
Although the U.S. economy remains in expansionary territory, we are seeing signs of moderating in the service sector and the international trade deficit. Consumer credit missed expectations by a wide margin in December. Delinquencies rose in 2023. The “Magnificent Seven” continued to carry the market, with Nvidia and Alphabet each rising more than 4.5 percent. Some Treasury buyers may be rethinking their positions in the wake of a strong equity market rally.
Weekly Market Update, Feb 5, 2024
The Fed stayed put at its January meeting, leaving the federal funds rate with an upper bound of 5.5 percent. Economic data showed strength in the U.S. economy, with employment and consumer confidence surprising to the upside. The “Magnificent Seven” fared well in a major week of earnings, with five of the seven reporting. The front end of the curve held steady as the Fed did the same. The longer end of the curve moved a bit lower as investors locked in rates.
Monthly Market Update, Jan 31, 2024
Read more on:
1. Positive Start to the Year
2. Mixed Month for Bonds
3. Economic Growth Continues
4. Update from the Fed
5. Risks to Monitor
6. Solid Foundations for the New Year