From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HAVE FUN!
The Dow Jones is on a hot streak with ten straight positive trading days while the other two major US stock market indices came in mixed for the week (i.e., DJIA: +2.28%, S&P 500: +0.69%, Nasdaq: -0.57%). Although you shouldn’t wish your life away, many investors wouldn’t mind closing the book on 2023 right now with year-to-date returns of +6.28%, +18.15% and +34.07%, respectively! And we might just see that happen if investors take off the rest of the summer or even the year. July 25th and 26th’s Fed meeting anticipates a 0.25% interest rate increase. With jobless claims decreasing and core inflation still running at 4.8% (compared to a 2% Fed target), sticking points in the Fed’s mandate may be cause for concern. Don’t be shortsighted. Read the Capital Group’s “Guide to Market recoveries” below.
Lately, global weather has been most unusual to say the least. Los Angeles and other parts of the US saw freakish snows this winter. Flash floods have been rampant in many areas. And Phoenix has succumbed to twenty-one straight days of 110+ degree heat. These events have a profound impact on much more than how we dress for the day. James Investment Research produced a fascinating report entitled “El Niño 2023-2024 Market Impact Review.” Click the link 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.
James Investment Research:
J.P. Morgan Asset Management:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
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