Last week, we closed out 2024 with a bang and rang in the New Year. The S&P 500 declined -0.45% for the week but rose 23% over the year and hit 57 new all-time highs. The Magnificent 7 and technology indexes have outperformed the S&P 500 for two consecutive years. Prudent rebalancing can reduce concentrated tech stock holdings or overweight tech sector allocations. Unify Financial Advisors rebalances portfolios as part of our investment management process to optimize your portfolio risk and return objectives.
All eyes will be on the December employment figures, released at the end of this week. The Federal Reserve pays particular attention to the jobs report as it relates to the Fed’s primary policy goals of full employment and 2.0% inflation.
For a deeper dive into last week’s markets and economic events, read the latest issue of Market Week.
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Thank you for reading! You are welcome to contact me directly with questions or comments.
Regards,
David Bennett