David Scott, Author at Unify Financial Advisors

Weekly Market Update – 10.28.2024

Last week, the S&P 500 finished down (0.96%), while the tech-heavy NASDAQ gained 0.16%. Ten-year treasury yields climbed, closing at 4.25%, driving borrowing rates on 30-year fixed mortgages up to 7.21%. Through Friday, 37% of companies in the S&P 500 reported third-quarter earnings, with 75% beating estimates, in line with the 10-year average for this metric. Profits are broadening beyond the largest companies and analysts expect earning gains across all 11 S&P 500 sectors for ...

Weekly Market Update – 5.20.2024

Last week, stocks and bonds appreciated Wednesday’s Consumer Price Index(CPI) report. After months of stubborn inflation data, April’s report showed that headline and core inflation slowed. Over the last twelve months, consumer prices were up 3.4%. The week ahead includes the release of the FOMC meeting minutes, new home sales data, and PMI. Nvidia (NVDA) will draw much attention before and after its Q1 earnings report after the market closes on Wednesday. ...

Weekly Market Update – 3.25.2024

Last week, the market appreciated Fed Chair Jerome Powell’s commentary and the FOMC projections on GDP, unemployment, PCE, and interest rates. The S&P 500 gained 2.31% and is up 10.12% year-to-date. Their revised dot plot showed three cuts expected this year and an increase in the fed participants’ agreement regarding these three cuts. However, participants slightly increased their rate projections for 2025 and 2026 compared to their December projections. Nvidia ...

Weekly Market Update – 2.12.2024

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 ...

Weekly Market Update – 1.2.2024

Last week, US stock markets posted gains for the ninth consecutive week, capping off an impressive year for stocks and bonds. The S&P 500 finished the year up 26.29%, just shy of its January 2022 record. The Dow Jones Industrial Average gained 16.18%, topping 37000 for the first time. Bond markets reversed their losses going into October and finished the year up 5.53%. The 2023 stock and bond returns defied the doom and gloom many anticipated at the beginning of the year. Disciplined ...

Weekly Market Update – 12.25.23

Christmas came early for stock and bond investors this year. Last week, US stocks posted gains for the 8th consecutive week, a cumulative gain of 14.93% over these eight weeks. Also, consumer confidence rose, initial jobless claims were slightly below expectations, and both Personal Consumption Expenditures (PCE) and Core PCE for November fell short of forecasts. PCE decreased by 0.01% month-over-month and is up 2.6% from November last year. As a result of the lower inflation data, economist ...

Blog

Author: David Scott

Weekly Market Update – 10.28.2024

Weekly Market Update – 5.20.2024

Weekly Market Update – 3.25.2024

Weekly Market Update – 2.12.2024

Weekly Market Update – 1.2.2024

Weekly Market Update – 12.25.23

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