From the desks of Stanley Katz & Lauren Madera
Happy New Year! We hope you had a wonderful set of holidays!
All three major US stock market indices posted gains (i.e., DJIA: +1.46%, S&P 500: +1.45%, Nasdaq: +0.98%) to begin 2023 on the heels of Friday’s jobs report. So, one week into the new year, we have year-to-date gains to celebrate! More than likely, the US stock market will continue to experience high volatility this week with additional economic data and the beginning of 4Q2022 earnings releases. On the earnings front, we may see the first declines since 2020, which shouldn’t surprise us. Sales revenues appear to have grown, but costs did too, cutting into profit margins. Click the link below to read Dr. David Kelly’s (J.P. Morgan Asset Management) 1Q2023 US Economic and Market Update. It’s 30 pages long but the font is BIG!
Much has been written about the change in China’s COVID policy and the impact it may have on the world economic stage. The Northern Trust article below provides a nice, concise analysis on the topic. Click it!
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.
J.P. Morgan Asset Management:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
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