October 2024 - Unify Financial Advisors
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Month: October 2024

Weekly Market Update – 10.28.2024

Last week, the S&P 500 finished down (0.96%), while the tech-heavy NASDAQ gained 0.16%. Ten-year treasury yields climbed, closing at 4.25%, driving borrowing rates on 30-year fixed mortgages up to 7.21%. Through Friday, 37% of companies in the S&P 500 reported third-quarter earnings, with 75% beating estimates, in line with the 10-year average for this metric. Profits are broadening beyond the largest companies and analysts expect earning gains across all 11 S&P 500 sectors for ...
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Weekly Market Update – 10.21.2024

Last week’s mixed corporate earnings and strong retail sales drove the S&P 500 to another record close on Friday. Analysts expected year-over-year growth in Q3 earnings per share(EPS) for the S&P 500 of 1.9%. Information technology leads the way at 15%, with energy coming in last at -30%. Prudent portfolio rebalancing across sectors could position portfolios in 2025 to benefit from expected double-digit earnings growth in materials, industrials, and energy (JPM Weekly ...
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Weekly Market Update – 10.14.2024

On Friday, the S&P 500 notched its 45th all-time high this year, gaining 1.13% for the week. Inflation measured by the Consumer Price Index (CPI) reached its lowest level in three years, with year-over-year CPI at 2.4%. JP Morgan and Wells Fargo helped kick off Q3 corporate earnings season by beating their earnings estimates.   This week, earning seasons get into full swing, especially with Financials. Other notable non-financials reporting this ...
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Weekly Market Update – 10.7.2024

Stock and bond markets fluctuated last week due to heightened tensions in the Middle East, ongoing port strikes, and positive employment data. A strong employment report drove stocks higher on Friday, with the S&P 500 gaining 0.26% for the week, while bond prices declined by 1.24%. The Consumer Price Index (CPI) report will be released this Thursday. The September Core CPI is anticipated to decrease by 0.10 from the previous month.  As Hurricane Milton ...
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Weekly Market Update – 9.30.2024

Last week, the S&P 500 posted record highs and gained 0.64%. Personal Consumption Expenditures(PCE) for August rose 2.2% from one year ago. With PCE being the Fed’s preferred inflation gauge, there is currently a 100% probability of at least a 0.25% rate cut on November 7.  I was recently asked how stocks can set record highs in the face of political uncertainty and wars. In short, the Fed has more influence over the current US economy than elections and ...
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