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Mixed results for markets on shortened holiday week

June 2, 2024

From the desks of Stanley Katz & Lauren Madera

STAY SAFE & HAVE FUN!

The four-day returns on the major US stock market indices were mixed for the Memorial Day holiday week (i.e., DJIA: -0.97%, S&P 500: +0.18%, Nasdaq: -0.01%). Top of mind continues to be the economy’s stubborn resistance to slow down, causing the Federal Reserve to consider higher interest rates for even longer. How will this play out in the stock market? Anecdotally, many analysts appear cautious about the near term. Click the Argus link below, “As Summer Looms, Will the Market Pause?”

With June upon us, ‘tis the season for mid-year economic prognostications. The US economy continues to grow at a faster pace than most. Capital Group makes its case with the research piece below. We hope you find it interesting, especially as it relates to financial markets and the presidential election.

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:

  • As Summer Looms, Will the Market Pause?

Capital Group:

  • Economic outlook: U.S. powers global growth

Schwab:

  • Stocks Set for Weekly Losses as Weak Guidance in Software/Cloud Drive Profit-Taking

BlackRock:

  • Mega forces: infrastructure required

Janus Henderson:

  • You missed the market rally. Now what?

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.  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.

Filed Under: Latest News

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Disclosures: OneSeven (“OneSeven”) is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. Services are provided under the name ClientFirst Financial Strategies (“ClientFirst”), a DBA of OneSeven. Investment products are not FDIC insured, offer no bank guarantee, and may lose value.

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