Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, May 30, 2023 — Check out our new design!
Manufacturing and services PMIs indicated mixed confidence in May as services came in strong. The Fed remained uncertain about policy amid both debt ceiling negotiations and
stronger-than-expected spending. AI stocks’ recent rally was further supported by Nvidia’s forecast. The yield curve continues to invert as inflation via demand remains persistent.
Click here to read the full weekly market report published May 30, 2023.
Weekly Market Update, May 22, 2023
Stronger-than-expected retail sales and industrial production point to an economy that may be more resilient than expected. Not every area of the economy is displaying strength; real estate, for example, is clearly showing signs of slowing. AI stocks continue to drive the recent rally as the technology extends into additional area. A large shift in the front end of the yield curve indicates that bond investors expect a fairly significant shift in the economy over the coming months.
Click here to read the full weekly market report published May 22, 2023.
Weekly Market Update, May 15, 2023
Wholesale sales and inflationary figures both indicate slowing inflation as demand wanes. Consumer expectations dropped more than expected, indicating that the Federal Reserveâ€™s (Fed) increasing of rates has consumers tightening their budgets. Financials continue to struggle as uncertainty around deposit stability has led to volatile regional bank performance. month Treasury bills continued their sell-off as investors continue to see uncertainty around Fed policy and the debt ceiling.
Click here to read the full weekly market report published May 15, 2023.
Weekly Market Update, May 1, 2023
March spending data was flat as more recent April data showed lower consumer confidence. The economy grew at just an annual rate of 1.1 percent in the first quarter of 2023. Earnings have come in better than expected, driven by consumer discretionary and technology. Investors have moved away from short-dated Treasuries amid lower inflation data.
Click here to read the full weekly market report published May 1, 2023.