A good week awaits the economy
The S&P 500 on Friday rebounded from its worst week of the year to post its best week of the year. It was also the first time since June 2022 that the benchmark index fell at least 4% in one week and then rallied more than 4% the next. Last week's selloff had been...
Time to go shopping
The S&P 500 on Friday plunged to its worst weekly performance since early March last year, driven by concerns over economic growth after a slew of soft data during the week, especially on the labor market. That, coupled with historical September weakness, led to a...
Future Wealth LLC introduces Hedge Funds and Private Equity access to its clients
Alternative investments such as Private Equity, Multi Strategy Hedge Funds and Private Credit have long been inaccessible to the average investor. Future Wealth’s clients now have access to a growing list of private investments that provide more diversification and...
The Fed Restores Order
The U.S. stock market finished sharply higher Friday, sparked by Federal Reserve Chair Jerome Powell's strongest signal yet that interest rate cuts are coming. "The time has come for cuts," Powell said at the Jackson Hole Economic Symposium, increasingly confident...
Markets are holding up well
This week's economic data on inflation and retail sales, along with upbeat comments from consumer bellwether - Walmart, continued to quell economic slowdown fears and gave investors the confidence to dive back into growth areas. For the week, the S&P climbed 3.9%,...
No Damage Done
What a week it was for Wall Street! Sentiment swung from the depths of negativity at the beginning to the peaks of positivity by the end. The S&P 500 slumped 3% on Monday, posting its worst trading session since September 2022 amid a global selloff, and then...
Taking a beating
The S&P 500 on Friday notched a three week losing streak for the first time since mid April. The Nasdaq, suffered an even steeper weekly decline and has ended up in correction territory. A combination of disappointing quarterly reports from members of the...
A correction in motion
The S&P 500 on Friday ended a wild week nearly 1% lower, primarily due to a continued selloff in technology stocks. The technology sector has now slumped more than 7% in two weeks. Meanwhile, the rotation trade has continued, with the small caps, up more than 3%....
The Market unwind has begun
Wall Street posted its worst week since mid April, as a rotation out of technology stocks sparked by last Thursday's consumer inflation report continued over the past few days. The primary driver of this week's loss in the S&P 500 was a continued rotation out of...