Retail sales growth exceeded economist estimates in November. Stocks and bonds sold off as the Federal Reserve (Fed) issued guidance for higher-than-expected rates in 2025 and beyond. Data will be light this week because of the holidays; we expect...
Year-over-year inflation ticked up in November, matching economist expectations. The Nasdaq Composite led the way despite mixed performance from the so-called Magnificent Seven. The Federal Reserve (Fed) will...
Hiring rebounded swiftly in November after a weather-driven slowdown in October. The so-called Magnificent Seven (Apple, Alphabet, Amazon, Nvidia, Meta Platforms, Microsoft, and Tesla) led the rally. The yield curve was little changed, with very modest steepening. The focus this week will be...
Consumer confidence improved more than expected. Equity markets continued to show signs of broadening beyond Nvidia and Tesla. We expect several important...
Housing data was mixed; home builder confidence and existing home sales fared better than expected but new home starts disappointed. A strong dollar increased market breadth beyond the so-called...
Service sector confidence reached a two-year high in October. Small-caps led the way in a post-election, risk-on rally. It will be another busy week; we expect...
The 2024 Election Results and Their Impact on Your Investments
With the results mostly in, the country will begin moving forward, and investors will start to respond to what the election outcomes could mean for the economy.