November 2024 - Unify Financial Advisors

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Weekly Market Update – 11.25.2024

Last week, stocks posted solid gains, rebounding from the prior week’s loss. US benchmarks climbed higher, with the S&P 500 gaining 1.72%. Existing October home sales rose 3.4% from the previous month. The median single-family home price was $412,000 in October, 4.1% above the October 2023 price of $396,000. Moderating home price inflation and lower mortgage rates are welcome signs for home buyers. As we approach Thanksgiving, the holiday season brings increased travel ...
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Weekly Market Update – 11.18.2024

Last week, stocks shrugged off upbeat economic data from the October CPI and retail sales reports. Instead, the S&P 500 closed (2.05%) lower on hawkish comments from Fed Chair Jerome Powell and rising treasury yields. Probabilities for a 0.25% December rate cut swung wildly last week and currently stand at 62%. This week, the focus is on the housing sector. The report on housing starts for October is out on Tuesday. In September, the number of housing starts and ...
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Weekly Market Update – 11.11.2024

Last week, investors reacted to the election results and the FOMC’s 0.25% rate cut, driving U.S. stocks to new record highs. The S&P 500 gained 4.69% on the week. ForecastEx contracts accurately predicted the outcome of the presidential election and various other races.   This week, we will get the latest inflation data for October, which includes the Consumer Price Index (CPI)and Producer Price Index (PPI). CPI is expected to remain unchanged ...
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Weekly Market Update 11.4.2024

Stocks kicked off November on a positive note after being spoked on Halloween. Thursday’s close saw equities lower for October, the first down month since April. The October Employment Report revealed nonfarm payrolls grew by only 12,000. The disruptive forces of hurricanes and the Boeing Labor strike are blamed for the weak employment data.  Earnings reports from major technology companies fell short of investors’ high expectations. However, Amazon’s ...
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