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%...
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...
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...
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...
Accessing the risks in the stock market through end of the year
It’s been quite a journey for the US economy over the past several years, from pandemic supply chain upheaval to the Federal Reserve’s battle against inflation. Consumers have kept spending, and the job market has proven perpetually robust, with predictions of...
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...
The economy keeps humming – Why is the market selling off?
The U.S. economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending, again defying dire warnings of a recession that have lingered since 2022. Gross domestic product increased...
Are we really in a bull market?
Stocks ended their worst week in a month with more losses Friday, marking the third straight daily loss for the Dow Jones average and the fourth for the S&P 500, weighed by spiking Treasury yields and concerns that Israel's conflict with Hamas could escalate into...
Fed will likely stay higher for longer
Wall Street wrapped up a volatile week with a mixed performance from stocks while investors sought safe-haven assets such as U.S. Treasury bonds and gold, as the Israel-Gaza war looked likely to escalate. For the week, the Dow Jones posted a 0.8% gain and the S&P...