Merry Christmas and Happy New Year from Future Wealth LLC
We wish every one of clients and our readers - Merry Christmas and A Happy New Year. The S&P 500 is up 16.2% year to date on the back of 24% return in 2023 and 23% return in 2024. The S&P 500 is now up 78% since the end of 2022. All signs point to the market...
Fed cuts interest rates but AI trade stalls
It was a strange week on Wall Street with the S&P 500 and the Nasdaq posting losses, while the Dow gained - signaling the first signs of a rotation out of the technology sector .The Federal Reserve’s interest rate decision was offset by a slump in the artificial...
Future Wealth LLC crosses $75 million in assets under management
Nine 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...
Unemployment jumps to 4.4%
Wall Street posted its worst week since early October on Friday, as Nvidia's blowout quarterly results failed to lift the AI trade and economic data presented a difficult situation for the Federal Reserve. Nvidia easily beat earnings expectations confirming that the...
“Buy the Dip” rescues a dismal week
It was a mixed five days for Wall Street. A boost to sentiment from the end of the longest government shutdown and positive trade developments was offset by continued weakness in the AI trade and hawkish comments from Federal Reserve speakers. This week, Cleveland Fed...
Wall Street finally listens
Wall Street closed out a volatile week lower fueled by worries about the AI trade and valuations.The pullback followed weeks of record highs and light data flow amid the prolonged government shutdown. Sentiment across the country is close to the lowest it has ever...
Stock market is increasingly detached from the economy
Wall Street closed out October with a six month positive run, underscoring the market's remarkable recovery from April's lows. Sentiment this week was lifted by big tech earnings and positive trade developments, along with another interest rate cut by the Federal...
Inflation climbs but the rally goes on
Wall Street on Friday posted its best week since early August, driven by a combination of strong earnings and optimism over trade relations between the U.S. and China. Most attention, however, was on the consumer price index (CPI) report for September - inflation rose...
Investors remain bullish, but yellow flag is waving
It was a topsy-turvy week for Wall Street, though the three major averages managed to post solid gains.There was ongoing trade tensions between the U.S. and China, a government shutdown that shows no sign of ending, the start of the third quarter earnings season, and...