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Market Recap – January 8, 2024

Market Recap – January 8, 2024

The big economic news last week was the December employment report which showed unexpected 216,000 gains in non-farm payrolls and a second consecutive month of 0.4% m/m gains in average hourly earnings.  The S&P 500 was up 0.2% on Friday but closed the week down...

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Market Recap – December 11, 2023

Market Recap – December 11, 2023

The Fed will leave its policy interest rate unchanged at its December 12-13, 2023, FOMC meetings, so markets will be most focused on the Fed’s updated Summary of Economic Projections (“SEP”) and what Fed Chair Powell says at the post meeting press conference.  Futures...

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Market Recap – November 27, 2023

Market Recap – November 27, 2023

There is much to be thankful for in the U.S. economy: third quarter GDP growth at 4.9% is a gift from consumers as we are seeing slowing growth but no recession in the current fourth quarter, slowing wage and price inflation and likely achieving the Fed’s 2% inflation...

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