Banks set the stage for a strong January
Wall Street on Friday surged to its best weekly performance since the post-election rally in November 2024. After a topsy turvy December and a rocky start to the new year, the bulls came roaring back over the past couple of days. Wednesday, in particular, saw the...
When Good News for the Economy is Bad News for Stocks
Markets were shut on Thursday for a national day of mourning for former U.S. President Jimmy Carter. On Friday, a better than expected job openings reading for November 2024, along with a significantly stronger than anticipated nonfarm payrolls report for December...
A Recap of 2024 and Look Ahead to 2025
2025 began with the S&P 500 index ending lower in a holiday shortened week as Wall Street's bull run lost some steam. After hefty yearly gains in 2024 with the S&P 500 returning 23.3%, investors took some money off the table. Additionally, uncertainty over the...
A Recap of 2024 and Look Ahead to 2025
2025 began with the S&P 500 index ending lower in a holiday shortened week as Wall Street's bull run lost some steam. After hefty yearly gains in 2024 with the S&P 500 returning 23.3%, investors took some money off the table. Additionally, uncertainty over the...
Is it all too good to be true?
Wall Street posted a three week win streak on Friday, propelled by strengthened expectations for another interest rate cut by the Federal Reserve at its final monetary policy committee meeting of the year later this month. This week was marked by a big milestone: the...
Happy Holidays from Future Wealth LLC
To all our clients and readers of this newsletter – Happy Thanksgiving and Seasons Greetings. It has been a unpredictable year for investors with the high volatility in the markets but with inflation down to 2.6% and election uncertainty behind us, the stock market...
Bitcoin tests the Greater Fool Theory
Wall Street rebounded from last week's retreat with a nearly 2% advance over the last five days, and the S&P 500 is now only 0.8% from its record intraday high. It was a week marked by steady gains, geopolitical tensions arising from developments in the ongoing...
Avoiding Reversal
Wall Street posted its worst weekly performance since the start of September, and has now notched a negative week in three of the last four. Slightly hot consumer and producer inflation data, along with a comment from Federal Reserve chair Jerome Powell on Thursday...
A Felon in the White House
One of the most pivotal weeks of the year turned out to be records galore for Wall Street - the S&P smashing past the 6,000 point level in a historic first. The Dow Jones Industrial Average notched its 41st and 42nd record close of the year while also taking out...