Unify Financial Advisors Weekly Market Update
Stock market volatility continued last week, while the S&P 500 gained 1.70%. The volatility stemmed from continued trade tensions with China, the government shutdown, and reported loan losses at regional banks. The 10-year Treasury yields dropped slightly to 4.00% along with Crude oil prices falling 2.16% from the previous week. Gold continued its impressive rise, gaining 5.50% last week and is up 61.04% YTD. Historically, gold has not been a reliable source of long-term value, often experiencing significant declines following prolonged periods of price increases.
Weekly Outlook
While economic data is delayed due to the government shutdown, we could see information on the Consumer Price Index and Consumer Sentiment this Friday. Several earnings reports are scheduled for release this week, including those from Netflix (NFLX) and Tesla (TSLA), which 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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David Bennett