This roundup of top financial news for the week presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, September 3, 2024
Consumer confidence has been shaky over the past few months but is showing signs of improvement. July PCE data didn’t change expectations for a rate cut at the Fed’s September meeting. High expectations raise the bar for continued market performance, as evidenced by the market’s reaction to Nvidia. PCE data hasn’t changed the Fed rate cut outlook.
Click here to read the full weekly market report published September 3, 2024.
Monthly Market Update, August 31, 2024
Quick Highlights:
1. Solid Month for Stocks: Stock returns were positive in August despite an early month sell-off.
2. Bonds Continue to Rise: Falling interest rates led to positive bond returns for the fourth consecutive month.
3. Interest Rate Cuts Ahead: Investor expectations for rate cuts rose during the month.
4. Continued Economic Growth: Economic updates released during the month showed signs of continued growth.
5. Risks to Monitor: Markets face a variety of risks as we finish the third quarter.
6. Positive Outlook for Markets and the Economy: Markets and the economy set for continued growth in the months ahead
Click here to read the full monthly market report published August 31, 2024.