On Friday, the S&P 500 notched its 45th all-time high this year, gaining 1.13% for the week. Inflation measured by the Consumer Price Index (CPI) reached its lowest level in three years, with year-over-year CPI at 2.4%. JP Morgan and Wells Fargo helped kick off Q3 corporate earnings season by beating their earnings estimates.
This week, earning seasons get into full swing, especially with Financials. Other notable non-financials reporting this week are NetFlix, United Health Care, and Johnson & Johnson. September’s retail sales figures are expected to show steady consumer spending with an increase of 0.2% from the previous month.
We hope that you are safe and recovering from Hurricane Milton. Thankfully, our Clearwater, FL office was not damaged but is without electrical power. Our team will continue providing full service remotely until our power is restored. You can reach us by calling 727-306-0299 or via email.
Follow us on Facebook for these weekly updates and articles at Unify Financial Advisors Facebook Page.
Thank you for reading! You are welcome to contact me directly with questions or comments.
Regards,
David Bennett