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Month: April 2024
Last week, stocks and bonds retreated following a stubborn Consumer Price Index(CPI) print. The CPI was unchanged from the previous month and up 3.5% year-over-year. Following the CPI report, the market immediately reduced the probability of a June rate cut. Bank earnings beat most expectations on Friday, although they came with cautionary forward-looking statements from their COEs, including JP Morgan’s Jamie Dimon.
This week started with another strong retail sales report. March ...
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Weekly Market Update – 4.8.2024
Last week, strong job numbers introduced uncertainty, with the S&P 500 falling by 0.93% and bonds dropping by 1.06%. Job creation and openings support economic growth but can result in persistent inflation and prompt the Federal Reserve (Fed) to maintain high-interest rates to fulfill its dual mandate of maximum employment and price stability.
Gold prices surged above $2,300 per ounce, reaching record highs before settling at $2,299 on Friday. There’s considerable buzz around gold ...
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