From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HAVE FUN!
After generating losses the past couple weeks, the three major US stock market indices posted their largest weekly gains of 2023 (i.e., DJIA: +5.07%, S&P 500: +5.85%, Nasdaq: +6.61%). Although widely anticipated, the Federal Reserve held interest rates steady at last week’s meeting. In addition, October’s employment report was released. The weaker results suggest that the economy may be slowing, which may leave the door open to lower interest rates in the not-too-distant future. Yields on US Treasuries dropped below 5% for maturities spanning 2 to 10 years. Lower yields may have fueled higher stock prices this week. Have interest rates peaked? Obviously, some folks think so! Take a peek at Schwab’s “Another Rate Hike Bites the Dust” article below.
We are one year away from the 2024 presidential election. Most people are concerned about the candidates to be. Others think about the stock market impact. For a historical perspective on the latter, look at Capital Group’s “Guide to investing in an election year.”
Below are links to a number of third-party research reports that we have read and analyzed over the past week. We hope you will find the information interesting, useful, and worthwhile.
Schwab:
Capital Group:
Argus:
J.P. Morgan Asset Management:
Franklin Templeton:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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