Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, April 24, 2023 — Check out our new design!
Falling home prices, which have been a major source of inflation, bear watching. Better-than-expected PMI data was a welcome sign of rising
business optimism. Value stocks outperformed as major bank earnings came in strong. Three-month U.S. Treasury yields have risen as investors prefer shorter-term Treasuries.
Click here to read the full weekly market report published April 24, 2023.
Weekly Market Update, April 17, 2023
Falling energy and auto prices drove down inflation and retail sales in March. Energy trends bear watching as the price decrease came prior to the impact of the one million barrel per day OPEC+ cut. Value stocks outperformed as major bank earnings came in strong. Shorter maturity fixed income investments sold off as inflation has started to come down.
Click here to read the full weekly market report published April 17, 2023.
Weekly Market Update, April 10, 2023
The manufacturing sector continues to see a greater slowdown than the service sector. Friday’s employment report bucked expectations for a potentially lower figure, as indicated by employment reports earlier in the week. The job market remains robust but is slowing. Weaker economic data has led businesses and consumers to rein in spending. Shorter-term Treasuries reversed some of their drop in yields after the release of the March employment report.
Click here to read the full weekly market report published April 10, 2023.
Weekly Market Update, April 3, 2023
Retail inventories and the core PCE hint at potential easing within inflation. The easing via inventories and core PCE, however, was offset with a slight improvement in consumer confidence and continued rising incomes. We’ve recently seen notable markdowns from companies in the retail sector. Global equities were up across the board last week as markets rose for the third consecutive week to close out the quarter. A lack of news on the regional banking side eased market fears and saw equities move higher.
Click here to read the full weekly market report published April 3, 2023.