David Bennett, Author at Unify Financial Advisors

Weekly Market Update – 5.27.2023

Unify Financial Advisors Weekly Market Update Last week, stocks were mixed. The tech-heavy NASDAQ reached a record high as AI stocks rallied on the back of NVIDIA’s(NVDA) strong Q1 earnings report. This week, on Memorial Day, we remember the service men and women who gave their lives for our freedoms. Thank you to all past and present military personnel and their family for their service to our country. The abbreviated work week delivers important ...

Weekly Market Update – 5.13.2024

Last week, stocks posted gains, with the S&P 500 approaching a record high and bond yields remaining relatively unchanged. Good corporate earnings and signs of a softening labor market contributed to stock gains. Inflation is back in focus this week, with the Consumer Price Index (CPI) report coming out on Wednesday. The market expects April’s CPI to decrease from the previous month. Happy belated Mother’s Day to all the moms out there! Here’s to a great week ...

Weekly Market Update – 5.6.2024

Last week, there was a plethora of economic data and earnings to digest. The outcome was positive for both stock and bond investors. This week continues with a busy earnings slate, with notables including Disney, Uber, and Airbnb. Strong first-quarter earnings so far are boosting stocks. Over 75% of reported earnings exceeded Wall Street’s profit estimates. Please enjoy the attached Market Week for more details. Here’s to a great week ahead. Follow us ...

Weekly Market Update – 04.29.2024

We hope you had a great weekend! Last week, stocks posted gains for three of the five trading days. All major stock indexes posted weekly gains, with the technology Nasdaq leading the way by 4.23%. This week, the FOMC meeting, Jobs Data, and earnings will make headlines. Unify Financial Advisors will celebrate our first anniversary on Thursday, May 2nd! Thank you for trusting us with $113 million in assets under management for 161 client households. We look forward to ...

Weekly Market Update – 4.15.2024

Last week, stocks and bonds retreated following a stubborn Consumer Price Index(CPI) print. The CPI was unchanged from the previous month and up 3.5% year-over-year. Following the CPI report, the market immediately reduced the probability of a June rate cut. Bank earnings beat most expectations on Friday, although they came with cautionary forward-looking statements from their COEs, including JP Morgan’s Jamie Dimon. This week started with another strong retail sales report. March ...

Weekly Market Update – 4.8.2024

Last week, strong job numbers introduced uncertainty, with the S&P 500 falling by 0.93% and bonds dropping by 1.06%. Job creation and openings support economic growth but can result in persistent inflation and prompt the Federal Reserve (Fed) to maintain high-interest rates to fulfill its dual mandate of maximum employment and price stability. Gold prices surged above $2,300 per ounce, reaching record highs before settling at $2,299 on Friday. There’s considerable buzz around gold ...

Weekly Market Update – 3.18.2024

Last week, the market had mixed reactions to the inflation data. The Core Consumer Price Index (Core CPI) and Producer Price Index (PPI) for February exceeded expectations, registering at 0.4% and 0.6%, respectively, from the previous month. Over the past twelve months, Core CPI increased by 3.8%. The S&P 500 gained following Tuesday’s CPI data but sold off on Thursday after the hotter-than-expected PPI data, closing down -0.09% for the week. The Federal Open Market Committee ...

Weekly Market Update – 3.11.2024

Last week, I did not post a market update because I visited Nicaragua with my family. This experience left us with a deep appreciation for the Nicaraguans we met and a renewed awareness of the vast opportunities we are blessed with in the United States of America. Turning to the US economy, we observed a decline in January job openings. February employment data showed that nonfarm payrolls increased by 275K, average hourly earnings slightly increased by 0.1%, and the unemployment rate rose ...

Weekly Market Update – 2.26.2024

Last week, Nvidia (NVDA) posted record profits, contributing to its stock and the broader stock market achieving record highs on Friday. The S&P 500 gained 1.68% for the week and 6.91% year-to-date. Far from being hype, Artificial Intelligence (AI) is poised to revolutionize business and our daily lives. By enhancing efficiency and productivity, AI technology promises transformative changes across industries. While optimism around AI remains high, mitigating AI technology risks is ...

Weekly Market Update – 2.19.2024

Last week, the Consumer Price Index (CPI) and Producer Price Index (PPI) both came in hotter than expected, with shelter costs being the primary contributor to the notable increase in January’s CPI report, accounting for two-thirds of the total increase. For commentary and a chart explaining how real wage growth has outpaced inflation since the start of 2023, please take a look at the attached Weekly Market Recap. Real wage growth should support consumer spending and the economy. ...

Blog

Author: David Bennett

Weekly Market Update – 5.27.2023

Weekly Market Update – 5.13.2024

Weekly Market Update – 5.6.2024

Weekly Market Update – 04.29.2024

Weekly Market Update – 4.15.2024

Weekly Market Update – 4.8.2024

Weekly Market Update – 3.18.2024

Weekly Market Update – 3.11.2024

Weekly Market Update – 2.26.2024

Weekly Market Update – 2.19.2024

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