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Tag: Rate Cut

Weekly Market Update – 12.02.2024

Last week, investors had plenty to be thankful for, with the S&P 500 setting record highs and gaining 1.08%. Gross Domestic Product estimates, Personal Consumption Expenditures, and lower treasury yields helped drive stocks to record highs. Online Black Friday sales hit records in the US as people spent $10.8 billion or $11.3 million online every minute from 10 a.m. to 2 p.m. We kick off December this week, hoping to continue the Santa Claus rally. Investors will ...
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Weekly Market Update – 11.18.2024

Last week, stocks shrugged off upbeat economic data from the October CPI and retail sales reports. Instead, the S&P 500 closed (2.05%) lower on hawkish comments from Fed Chair Jerome Powell and rising treasury yields. Probabilities for a 0.25% December rate cut swung wildly last week and currently stand at 62%. This week, the focus is on the housing sector. The report on housing starts for October is out on Tuesday. In September, the number of housing starts and ...
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