Last week, the S&P 500 gained 1.40%, reaching another all-time closing high on Friday of 5027. Earnings beats from Disney (DIS), Chipotle (CMG), and McDonald’s (MCD) contributed to the S&P 500 setting higher highs.
This week, the Chiefs can be considered a dynasty after beating the 49ers in overtime to win their second consecutive Super Bowl and third in five years. According to the USA Today Ad Meter, State Farm’s “Like a Good Neighbor” was the most-liked commercial, with Dunkin’s “The Dunkings” coming in second.
Today’s January Consumer Price Index (CPI) report was one-tenth higher than expected for both Headline and Core. The probability of the Fed cutting rates in May decreased immediately following the CPI report and is currently at 35.8%.
Thank you for reading, and here’s to a great week ahead!
Follow us on Facebook for these weekly updates at Unify Financial Advisors Facebook Page.