Inflation is sticking around
The S&P 500 fell nearly 2% from Monday through Friday this past week, and in the process, it posted its worst weekly performance since late October 2023. The retreat was primarily due to yet another hotter than anticipated consumer price index (CPI) report...
The Fed is trying to derail the market
Perhaps the last thing impatient investors want to hear was the US Federal Reserve Bank of Minneapolis President Neel Kashkari saying that interest-rate cuts may not be needed this year if progress on lowering inflation stalls—especially if the economy remains...
Bulls on the Run
Friday marked the end of a stellar first quarter for Wall Street, with the S&P surging ~10% and delivering its best Q1 since 2019. While the markets were closed for Good Friday, fresh data released on Friday reflected that the core personal consumption...
Do or Die Moment for the Fed
The S&P 500 on Friday marked its best weekly performance of 2024, snapping a two-week losing streak in the process. Wall Street's bull run was rekindled after the Federal Reserve's meeting on Wednesday. For the week, the S&P 500 advanced +2.3%, the Dow added...
Wall Street Can’t Wait
The S&P 500 fell Friday and posted its second straight weekly loss, with tech stocks particularly feeling the heat as inflation concerns linger ahead of next week's Federal Reserve policy meeting. The Consumer Price Index (CPI) report for February 2024 released on...
Future Wealth LLC crosses $50 million in assets under management
Eight years ago, this company was founded on the premise that there was a need for a different approach to Wealth Management - popular institutions providing Wealth Management and Financial Advisory services were solely focussed on ultra high net worth clients and...
Forgiving the Fed
Stocks rose on Friday, with the S&P 500 and Nasdaq Composite closing at fresh record highs, as tech stocks rallied. Declining Treasury yields also provided a boost, as disappointing factory data and a decline in consumer sentiment solidified expectations for...
The Rising Sun
Stock markets in the United States, Europe and Japan set record highs this week after Nvidia reported blowout quarterly earnings results and strong guidance after the closing bell on Wednesday. "Insatiable demand" for the company's artificial intelligence chips lifted...
Is it a Bull Market or a Market full of Bull?
Stocks fell Friday to end the week in the negative following a second inflation report that sparked concerns the Federal Reserve may cut interest rates later rather than sooner. The January producer price index released Friday rose by a larger than expected 0.3%,...