David Bennett, Author at Unify Financial Advisors

Weekly Market Update – 12.11.2023

Last week, US stocks added to their gains, with small-cap stocks leading the way. The Russell 2000, which represents smaller US companies, was up 1% last week and 5.10% for the year. In comparison, the S&P 500 returned 0.24% last week and 21.81% for the year. Small-cap stocks tend to outperform large-cap stocks in bull markets, during economic recoveries, and amidst accommodative monetary policies such as lower interest rates. Last week’s job data indicated a tighter labor market, ...

Weekly Market Update – 12.4.2023

Last week, bulls pushed the U.S. market near its 2023 peaks, with the S&P 500 and the Dow Jones 30 gaining 0.83% and 2.60%, respectively. Bonds also rallied as yields fell, with the U.S. Aggregate Bond Index gaining 2.04%. After five consecutive winning weeks, the broader U.S. market started Monday about 4% below all-time highs amid abundant hope for interest rate cuts by mid-2024. Attention is now turning to crucial jobs data this week. The October Job Openings and Labor Turnover ...

Weekly Market Update – 11.27.2023

Last week, all major global stock indexes posted positive gains over four trading days, with the Dow Jones leading the way at 1.29 percent. Consumer sentiment rose to 61.3 but remains pessimistic. Minutes from the FOMC meeting in November supported the market’s expectations that the Federal Reserve is done raising rates. The Committee shifted to a cautious tone regarding rates, with all participants agreeing that they were in a position to proceed carefully. This week, new home sales ...

Weekly Market Update – 11.20.2023

Last week, the S&P 500 registered a 2.31% gain, marking a three-week upward trend in stocks. Interest rates fell in response to moderate inflation data and decreased consumer spending, signaling a promising yet cautious economic scenario. In its recent earnings report, Walmart beat expectations and shared insightful observations on inflation and consumer behavior during its earnings call. The company noted deflation in most grocery categories, excluding beef, dry, and canned goods, and ...

Weekly Market Update – 11.13.2023

Last week, upbeat corporate earnings and a decrease in jobless claims helped the S&P 500 gain 1.35%, contributing to a two-week cumulative gain of 7.23%. Impressively, this two-week gain represents 43% of the S&P 500’s total annual gain of 16.60%, underscoring the challenge of market timing. Instead, successful long-term investing requires a planned and disciplined approach. This week, attention returns to inflation. The Consumer Price Index (CPI) for October reports tomorrow, ...

Weekly Market Update – 11.06.2023

Last week, the markets rallied on the Department of the Treasury’s announcement that they will need to borrow less than previously estimated and Fed Chair Powell’s comments following their second straight pause on interest rates. The S&P 500 saw its best week in almost a year, gaining 5.88%. Bonds also rallied on the week, gaining 1.99%. Last week’s market action exemplified why long-term investors should stay invested. After almost three months of negative stock and bond ...

Weekly Market Update – 10.30.2023

The U.S. economy grew at a 4.9% annual pace in the third quarter, much higher than expected and more than double that in the second quarter. Consumer spending helped the strong growth, a strong labor market, and solid consumer finances will continue to support consumer spending. At this week’s meeting, the Fed is expected to keep interest rates the same, as the recent surge in long-term bond yields is helping convince policymakers that there is less need for further hikes. While the ...

Why Long Term Investing Matters

Successful Long-term investing requires more than simply putting away money and forgetting about it. You need a solid strategy to overcome inflation, market ups and downs, and life’s uncertainties. ...

So, you want to invest for the long haul and set yourself up for success decades later? Smart thinking. With advancements in healthcare allowing people to live longer, planning for a lengthy lifespan is critical. With the right principles guiding your investment management, you can build wealth over time and achieve financial security. In this article, we explore key principles for successful long-term investing so you can craft an investment ...

Weekly Market Update – 10.02.2023

Here’s what happened in the markets last week. The Core Personal Consumption Expenditures (PCE) for August fell below 4% for the first time in two years. Stocks initially responded positively to Friday’s report but retreated amidst looming threats of a US Government shutdown over the weekend. However, an impending shutdown was averted as the US House and Senate passed a spending bill just hours before the scheduled shutdown at 12:01 AM on Sunday. Stocks (S&P500) and bonds(US Agg) finished …

Weekly Market Update – 9.18.2023

Here’s what happened in the markets last week: Core CPI was slightly higher than expected, coming in at 0.30% month-over-month. This increase was driven primarily by a 10.6% surge in gasoline prices. The three-month annualized core CPI now stands at 2.4%, progressing towards the Fed’s long-run inflation objective of 2%. U.S. consumers continued to spend, as evidenced by stronger-than-expected retail sales growth of 0.60% month-over-month compared to an expected 0.20%. However, consumers spent …

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Author: David Bennett

Weekly Market Update – 12.11.2023

Weekly Market Update – 12.4.2023

Weekly Market Update – 11.27.2023

Weekly Market Update – 11.20.2023

Weekly Market Update – 11.13.2023

Weekly Market Update – 11.06.2023

Weekly Market Update – 10.30.2023

Why Long Term Investing Matters

Weekly Market Update – 10.02.2023

Weekly Market Update – 9.18.2023

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