Unify Financial Advisors Weekly Market Update
Markets extended their rebound for a second consecutive week, supported by easing geopolitical tensions following a ceasefire between the U.S. and Iran. Investor sentiment improved as volatility declined, lifting all major indexes and most sectors, with technology and consumer-focused stocks leading gains. Meanwhile, oil prices pulled back sharply after earlier spikes, and Treasury yields finished the week relatively unchanged despite some late-week movement.
Economic data presented a mixed outlook. Growth slowed, with fourth-quarter GDP revised lower, reflecting weaker consumer spending alongside declines in exports and government outlays. More recent monthly data showed a modest rebound in spending, suggesting some near-term resilience. Inflation remained elevated, with both CPIand PCE measures indicating persistent price pressures, largely driven by higher energy costs. At the same time, manufacturing activity softened, and jobless claims edged higher.
Weekly Outlook
This week brings several key economic reports, including March data on existing home sales, producer prices, import and export prices, and industrial production. Together, these releases will provide insight into housing, inflation, trade prices, and manufacturing activity.
Please read the full Market Week report for details on last week’s market and economic trends.
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Regards,
David Bennett