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.
Capital Group:
James Investment Research:
Goldman Sachs:
Northern Trust:
J.P. Morgan Asset Management:
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, LLC (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.