From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HAVE FUN!
All three major US stock market indices posted gains for the second week in a row (i.e., DJIA: +1.14%, S&P 500: +0.55%, Nasdaq: +1.44%). Although this past week was volatile like the last, could this be the beginning of a new bullish streak? Market strategists have their doubts because the S&P 500 currently trades at 5,130, below the 50-day moving average. Traders often use the 50-day moving average to determine whether they’re in buy mode or not. So, for the moment, we may remain range-bound around 5,000 on the S&P 500. Click the link below to read the Argus Economic Commentary as we head into the month of May after April’s 4.2% stumble.
A large part of market skepticism lies with the Federal Reserve’s interest rate policy. This past week Fed Chairman Powell indicated that rates will remain on hold for the moment. With the unemployment rate sticking below 4% and the US economy still growing, why make a change? It all leads back to that adage, “If it ain’t broke, don’t fix it.” Both the J.P. Morgan Asset Management and Schwab commentaries offer insights on this topic.
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.
Argus:
J.P. Morgan Asset Management:
Schwab:
BlackRock:
Capital Group:
Franklin Templeton:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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