Financial News Archives - Unify Financial Advisors

Weekly Market Update – 8.12.2024

Last week, some investors and funds exposed their risk associated with leverage and currencies via carry trades. Some carry trade investors realized large losses, while most long-term prudent investors felt acute pain on Monday. Monday’s market volatility, measured by VIX, was the highest it had been seen since 2008. Fear of the systemic ripples from unwinding the carry trades contributed to Monday’s spike in the VIX premarket. The S&P 500 declined by only .02% for the ...

Weekly Market Update – 7.8.2024

Following the July 4th holiday, the Employment Report indicated a strong but cooling labor market. After the report, the probability of a 0.25% rate cut in September increased to 75%. The prospects of lower interest rates pushed the S&P 500 and Nasdaq to close at all-time highs, up 17.57% and 22.73% YTD, respectively. This week, Delta (DAL), Pepsi (PEP), and big banks JP Morgan (JPM), Citi (C), and Wells Fargo (WFC) kick off the second quarter corporate earnings season. The S&P ...

Weekly Market Update – 7.1.2024

Last week, as expected, May’s headline PCE Index was up 0.1% from the previous month and 2.6% over 12 months, not far from the Fed’s 2% target rate. There is still a nearly 60% probability of a 0.25% rate cut in September. Sales of new single-family homes in May fell by 11.3%. The median sales price of new houses sold was $417,400, the lowest median price in the past 12 months and below the peak median price of $440,900 set in May 2023. May’s PCE Index ...

Weekly Market Update – 6.24.2024

Last week, stocks rallied but closed short of their all-time highs. May’s Retail Sales Report showed a 0.1% increase from the previous month, below the 0.3% expected. The category of sporting goods, hobby, musical instruments, and book stores saw the biggest m/m increase of 2.8%. In contrast, gasoline stations and furniture sales saw the largest decreases, 2.2% and 1.1% respectively. Look for summer-time discounts on home furniture and furnishings. This ...

Weekly Market Update – 6.17.2024

The major stock indices ended last week mixed, and bonds rallied. The S&P 500 and US Aggregate Bond Index gained 1.62% and 1.31%, respectively, while the Dow Jones 30 declined 0.95%. May’s headline Consumer Price Index(CPI) was flat from the previous month and up 3.3% from one year ago. The cooler CPI print drove longer-dated treasury yield down by approximately 20 basis points. We could expect mortgage rates to follow suit soon. This week is abbreviated as the ...

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 – 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 – 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 – 2.26.2024

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 – 2.12.2024

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 ...

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Tag: Financial News

Weekly Market Update – 8.12.2024

Weekly Market Update – 7.8.2024

Weekly Market Update – 7.1.2024

Weekly Market Update – 6.24.2024

Weekly Market Update – 6.17.2024

Weekly Market Update – 5.27.2023

Weekly Market Update – 4.15.2024

Weekly Market Update – 3.18.2024

Weekly Market Update – 2.26.2024

Weekly Market Update – 2.12.2024

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