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Tag: Stock Market
Recent market fluctuations have investors on edge, with many wondering if a recession is looming. While headlines may scream doom and gloom one day and optimism the next, it’s crucial to remember that economic speculation should not dictate your financial strategy.
Market volatility is a natural part of the economic cycle. Whether a recession is imminent or not, your long-term financial goals remain the same. A well-diversified portfolio and a solid financial strategy are designed to ...
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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 ...
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Weekly Market Update – 8.5.2024
Stocks finished last week in the red, with the S&P 500 declining 2.05%. The Fed held rates steady as expected and signaled that rate cuts are in the cards at their September meeting. With the recent market volatility, lower-than-expected hiring for June, and the unemployment rate at 4.3%, the probability of a 0.50% rate cut at their September meeting currently stands at 84%. June’s job numbers disappointed expectations, but hiring has reached average pre-pandemic levels, and the ...
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Weekly Market Update – 7.22.2024
Stocks started in rally mode last week, with the S&P 500 and Dow setting record highs. However, the S&P 500 and tech stocks retreated on concerns about future tariffs and export restrictions to China. Money rotated out of the Magnificent 7 into small-cap and defensive stocks.
CrowdStrike, a large cybersecurity company, applied a software update Friday morning while most of us slept. The update caused outages for Microsoft Windows users, wreaking havoc on large airlines, ...
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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 ...
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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 ...
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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 ...
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Weekly Market Update – 5.13.2024
Last week, stocks posted gains, with the S&P 500 approaching a record high and bond yields remaining relatively unchanged. Good corporate earnings and signs of a softening labor market contributed to stock gains.
Inflation is back in focus this week, with the Consumer Price Index (CPI) report coming out on Wednesday. The market expects April’s CPI to decrease from the previous month.
Happy belated Mother’s Day to all the moms out there! Here’s to a great week ...
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Weekly Market Update – 5.6.2024
Last week, there was a plethora of economic data and earnings to digest. The outcome was positive for both stock and bond investors.
This week continues with a busy earnings slate, with notables including Disney, Uber, and Airbnb. Strong first-quarter earnings so far are boosting stocks. Over 75% of reported earnings exceeded Wall Street’s profit estimates.
Please enjoy the attached Market Week for more details. Here’s to a great week ahead.
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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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