Unify Financial Advisors Weekly Market Update
After a strong week, the S&P 500 rose 1.46%, reaching new record highs. Ten of the eleven S&P sectors finished higher last week, with only consumer staples declining. Investors continue to weigh strong corporate earnings against uncertainty around tariffs.
Housing affordability remains a challenge, but not just because of higher mortgage rates. While 30-year mortgage rates are currently above 6% the real issue is the sharp rise in home prices over the past two decades. Meanwhile, Treasury yields moved slightly lower, with the 10-year yield easing last week.
Weekly Outlook
This week brings two major market-moving events: the first estimate of Q2 GDP and the FOMC meeting. Markets are looking closely to see if the FOMC signals an interest rate cut. Read the full Market Week report for details on last week’s market and economic trends.
For a more detailed analysis of last week’s markets and economic trends, check out the latest issue of Market Week.
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Regards,
David Bennett