Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, June 26, 2023
The housing market bucked the recent down trend in May. The U.S. economy remained in expansionary territory as the service sector insulated the economy from a weakening manufacturing segment. Stock sold off as investors took a breather from their recent buying streak. The yield curve became slightly more inverted due to concerns over sticky inflation and slower global growth.
Weekly Market Update, June 20, 2023
Producer inflation has led the charge down and investors will see if CPI will follow suit. The Fed’s pause faces strong retail activity as it seeks to tame inflation in a steady manner. Stocks continued their rally as two more hikes from the Fed didn’t change the market’s tune. The front end of the curve sold off as investors look to move into equities amid the recent equity rally, despite falling inflation.
Weekly Market Update, June 12, 2023
The service sector moved close to the edge of contractionary territory with the most recent report. Consumer credit was revised down, indicating a tightening of personal spending. Stocks continued their move higher as the Fed has given equities very little to change their tune. The front end of the curve continues to rally as confidence in Treasuries and profit leads to additional interest.
Weekly Market Update, June 5, 2023
Consumer confidence slowed but remained higher than expected as employment remains strong. Manufacturing and the auto sector showed signs of softening due to inventory builds and higher levels of interest rates. Stocks continued their momentum on better-than-expected earnings and potentially getting closer to the end of rate hikes from the Fed. The proposed debt ceiling settlement saw a regain in interest in ultra-short T-bills.
Monthly Market Update, May 31, 2023
This monthly commentary hits on these key topics:
1. Mixed May for Markets
2. Fixed Income Pulls Back
3. Debt Ceiling Impact and Update
4. Economic Updates Show Continued Growth
5. May Reminds That Risks Remain
6. Outlook Remains Positive