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Tag: Jobs
September got off to a rough start for Wall Street. The S&P 500 declined 4.22% last week on fears of a waning labor market from the fresh jobs data. The downward revisions to the June and July payrolls have investors on edge that the Fed might have waited too long to cut rates. There is a 100% probability of a 0.25% cut at the September 18th Fed meeting. A normalizing labor market, low inflation, and an accommodative Fed could help the Fed to navigate a “soft ...
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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 ...
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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 ...
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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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