From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HAVE FUN!
We’re literally and figuratively playing that same record over again. All three major US stock market indices posted gains for the week (i.e., DJIA: +1.43%, S&P 500: +1.38%, Nasdaq: +1.12%) with the S&P 500 and DJIA closing at all-time highs! Even though Fed Chairman Powell announced no cut to the Fed Funds rate, the stock markets continued to look forward with anticipation. Friday’s employment data indicated no recession in sight with the unemployment rate still running below 4% since December 2021. For more information, click the Lord Abbett “Five Quick Points on the January FOMC Meeting” link below.
On a different topic but still “Top of Mind,” the Goldman Sachs piece discusses “2024: The Year of Elections.” Not only do we have the US election in November, but other parts of the world will be going to the polls too. Naturally, our elections seem to be attracting the most attention.
Lastly, for those that enjoy outside reading, take a look at Capital Group’s “7 book ideas for 2024.”
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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