• Skip to primary navigation
  • Skip to main content
Client First Financial Strategies, Inc.

ClientFirst Financial Strategies

Financial Planning and Portfolio Management

  • About
    • Why Work With Us
    • Meet Our Team
  • Services
  • Resources
  • Form CRS
    • OneSeven
  • Contact
  • Login

Recalibration

September 22, 2024

From the desks of Stanley Katz & Lauren Madera

STAY SAFE & HAVE FUN!

It’s now two weeks in a row that all three major US stock market indices are up (i.e., DJIA: +1.61%, S&P 500: +1.36%, Nasdaq: +1.49%). In fact, both the DJIA and S&P 500 hit record highs this week. Analysts and economists were on the edge of their seats as the Federal Reserve’s Open Market Committee met and announced a 0.50% cut to the Fed Funds interest rate. The “scrabble” word for the week was “recalibration.” Fed Chairman Powell used it eight times in his speech on Wednesday! For more on this topic, click the Janus Henderson research piece, “No time like the present – the Fed commences rate-cutting cycle.”

The stock market surged shortly after Wednesday’s rate cut and continued through Thursday. Many traders anticipated that to happen. In the US economy, however, take note that:

  • Inflation has begun to wane.
  • Unemployment remains low.
  • Hiring has slowed.
  • Credit card balances are rising.
  • Consumers are cutting back on spending.

Where does the stock market head from here? Take a deeper dive into the matter by reading the Capital Group epistle below.

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.

Janus Henderson Investors:

  • No time like the present — the Fed commences rate-cutting cycle

Capital Group:

  • The Fed just cut interest rates. Now what?

Schwab:

  • Stocks Rally as Investors Welcome First Rate Cut in Four Years

Argus:

  • Rates Begin to Come Down

J.P. Morgan Asset Management:

  • Is the strong-dollar era over?

Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500

Investing involves risk, including the possible loss of principal. The information contained herein has been prepared solely for informational purposes. Nothing contained herein should be construed as a recommendation to either buy or sell any security or economic sector, or implement any strategy discussed. Please consult with your financial advisor, accountant, and/or attorney before acting on this information. ClientFirst Financial Strategies, Inc. is a DBA of OneSeven.  OneSeven is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC).  Registration with the SEC does not imply a certain level of skill or training.  Securities offered through Fortune Financial Services, Inc. (Fortune), Member FINRA/SIPC.  OneSeven and Fortune are separate entities.  Investment Products are Not FDIC Insured, Offer No Bank Guarantee, and May Lose Value.

OneSeven and Fortune do not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third parties.

Filed Under: Latest News

SUBSCRIBE FOR THE LATEST FINANCIAL NEWS & UPDATES

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Contact

(937) 293-5500
[email protected]

3033 Kettering Blvd.
Suite 326
Dayton, OH 45439

About Us

Client Resources

Disclosures: OneSeven (“OneSeven”) is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. Services are provided under the name ClientFirst Financial Strategies (“ClientFirst”), a DBA of OneSeven. Investment products are not FDIC insured, offer no bank guarantee, and may lose value.

This website is intended to provide general information about OneSeven and its team. It is not intended to offer investment advice or to recommend the purchase or sale of any investment product. Information is provided to learn about our advisory services and our people, as well as to contact us for further information.

Market data, articles, and other content on this website are based on generally available information and are believed to be reliable. OneSeven does not guarantee the accuracy of the information contained on this website. The information is of a general nature and should not be construed as investment advice.

OneSeven will provide all prospective clients with a copy of our current Form ADV, Part 2A (“Disclosure Brochure”) and the Brochure Supplement for each advisory person supporting a particular client. You may obtain a copy of these disclosures on the SEC website at https://adviserinfo.sec.gov, or you may Contact Us to request a copy.

© 2021 ClientFirst · Made with Frost