Consumer Price Index Archives - Page 2 of 3

Weekly Market Update – 7.15.2024

Unify Financial Advisors Weekly Market Update Last week, following the lower-than-expected June CPI release, yields dropped across the curve, driving bond prices up 0.82%. Bond prices and yields have an inverse relationship; as prices rise, yields fall. Second quarter corporate earnings came in mixed. PepsiCo and JP Morgan rallied into Friday’s close, while Delta and Wells Fargo declined. Banks’ net interest income is under pressure as customers demand higher ...

Weekly Market Update – 6.3.2024

Unify Financial Advisors Weekly Market Update Last week, we saw monthly gains in consumer confidence and the home price index of 4.6% and 0.3%, respectively. Nationwide home values increased 7.4% in the last 12 months ending in March. Consumer confidence reversed a two-month decline, but inflation worries of the surveyed participants persisted. Declines in revised GDP and Personal Consumption Expendituresgave mixed signals, but stocks declined, with the S&P 500 finishing the week ...

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 – 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 – 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. ...

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 – 1.22.2024

Last week, the December retail sales report showed strong consumer spending to finish 2023. Consumer sentiment soared this January to 78.8 from 69.7 in December. Optimism created from lower expected inflation and higher wages contributed to sentiment climbing a cumulative 29%, the largest two-month increase since 1991 as a recession ended. The S&P 500 hit an all-time high of 4840 on Friday, capping the week with a 1.19% gain. As we move into this week, the spotlight turns to the ...

Weekly Market Update – 1.9.2024

Last week, positive jobs and wage data ended the nine-week rally for US equities, with the S&P 500 declining by 1.5%. A factor in the lower 3.7% unemployment rate and the creation of 216K new jobs in November was increased hiring in the government sector, which may not continue. Wages grew by 4.1% compared to last year, supporting US households but raising concerns about inflation, as higher wages can lead to increased costs, especially in the labor-intensive service sector. This week, ...

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Tag: Consumer Price Index

Weekly Market Update – 7.15.2024

Weekly Market Update – 6.3.2024

Weekly Market Update – 5.20.2024

Weekly Market Update – 4.15.2024

Weekly Market Update – 4.8.2024

Weekly Market Update – 3.18.2024

Weekly Market Update – 2.19.2024

Weekly Market Update – 2.12.2024

Weekly Market Update – 1.22.2024

Weekly Market Update – 1.9.2024

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