Unify Financial Advisors Weekly Market Update
Optimism in Iran negotiations, strong domestic demand and investor confidence helped lift equities, even as volatility in commodities, particularly oil and gold, remained elevated. Treasury yields declined modestly, while the U.S. dollar held relatively steady.
From an economic standpoint, data painted a mixed but resilient picture. Job growth came in stronger than expected and unemployment edged lower, signaling continued labor market strength. However, job openings and hiring declined, signaling softening beneath the surface. Consumer spending remained solid with retail sales rising, while manufacturing activity improved due to domestic demand. The services sector showed signs of contraction for the first time in over two years, due to rising costs and weaker confidence amid geopolitical uncertainty and inflation pressures.
Weekly Outlook
This week features key economic reports, including the final fourth-quarter GDP estimate and March inflation data. Investors will be watching closely after February showed modest growth and moderate price increases.
Please read the full Market Week report for details on last week’s market and economic trends.
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Regards,
David Bennett