From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HAVE FUN!
Big tech had a big week driving two of the three major US stock market indices to record highs (i.e., DJIA: +0.72%, S&P 500: +1.17%, Nasdaq: +2.26%). It has been two years since the S&P 500 last peaked. This week, the index finally achieved a new record close. The S&P 500 price-to-earnings ratio currently sits at a lofty 20X projected earnings. Based on last week’s initial 4Q2023 earnings announcements, companies aren’t living up to expectations. Over the next couple weeks, a few of the heavyweight components (e.g., TSLA, T, JNJ, V, GE, MSFT, AAPL, XOM) publish their 4Q2023 earnings. To be determined how those will be received by the market. For more on this topic, click the Zacks link below.
The political primary season kicked off in the frigid tundra of Iowa last week. New Hampshire’s primary takes place this coming week. Per normal, many pundits consider what’s best for our pocketbooks, the economy, and the stock market. Hartford Funds provides some interesting historical perspective dating back to President Reagan’s era starting in 1981. Click the link!
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.
Zacks:
Hartford Funds:
Capital Group:
Northern Trust:
J.P. Morgan Asset Management:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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