Unify Financial Advisors Weekly Market Update
Last week, the S&P 500 experienced increased volatility. Despite reaching record highs earlier in the week, the index faced a significant selloff on Friday following President Trump’s retaliatory tariff threat on Chinese imports. This led to a reversal of earlier gains, ending the week with a -2.43% decline. Year-to-date, the S&P 500 remains up 11.41%. Ten-year Treasury yields fell below 4.10%, while gold prices climbed above $4,000.00 per ounce, a jump that could be a sign of investor anxiety over deficits and geopolitical uncertainty.
Weekly Outlook
The government shutdown has delayed the release of most economic data, including the Consumer Price Index for September, which is typically released this week. There are several earnings reports out this week that we will be monitoring.
For a more detailed analysis of last week’s markets and economic trends, check out the latest issue of Market Week.
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Regards,
David Bennett