Inflation was transitory after all

Stocks mostly fell Friday but edged higher for the week, as traders examined the first batch of fourth quarter earnings and a pair of closely watched inflation reports. An unexpected downtick in producer price inflation provided a source of optimism, although this was...

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Getting it right in 2024

Stocks closed marginally higher Friday following a stronger than expected U.S. jobs report, but all three benchmark averages declined to begin 2024. For the shortened holiday week, the Nasdaq Composite index slumped 3.2%, its biggest drop since September, while the...

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Welcome to the year end rally

U.S. stocks ended the week higher even as some Federal Reserve speakers pushed back on euphoria around interest rate cuts following the central bank's dovish pivot earlier in the week. Overall, stocks registered their seventh straight week of gains, which was the best...

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Fresh Highs Await

Stocks closed higher Friday following a strong monthly jobs report to clinch a sixth straight week of gains, with the S&P 500 and Nasdaq Composite hitting their highest closing levels since early 2022. More broadly, the drop in the unemployment rate to 3.7%...

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Out of the woods but where is the meat?

Stocks pushed higher Friday, with the S&P 500 and Dow Jones indexes recording their highest levels in more than a year, after Federal Reserve Chair Jerome Powell supported the market consensus view that key interest rates have peaked. The three major stock market...

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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 3.2%, the stock market has responded positively going into...

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The turning point is here

The major stock market indexes eked out gains Friday but scored strong gains for a third straight week as Treasury yields continued to fall. The advance has been sparked by surprisingly tame U.S. inflation data that gave hope to investors that the Federal Reserve's...

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The folly of investing target date funds

There is nearly $3 trillion invested in target date mutual funds mostly from 401ks, IRAs and other retirement oiptions. Whether retirement savers in target date funds know it or not, and we presume most don’t, they are mindlessly investing their wealth. The...

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