From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HAVE FUN!
Last week, we hit the trifecta but not in a good way. All three major US stock market indices posted losses (i.e., DJIA: -2.10%, S&P 500: -2.06%, Nasdaq: -3.35%). At this juncture, there’s no question that the Federal Reserve’s eleven rate hikes from March 17, 2022 through July 26, 2023 have taken effect in slowing the US economy. Friday’s reported unemployment rate increased to 4.3%, causing interest rates on the 10-year US Treasury Note to plunge week-over-week from 4.19% to 3.79%. The Nasdaq has dropped into correction territory (down 10%+) from its July 10, 2024 all-time high. Click the J.P. Morgan Asset Management link below for further details.
Some of you may be enjoying the excitement and views of Paris while watching the 2024 Summer Olympics. Will the throngs of spectators and corporate sponsors engulfing the Eiffel Tower, Arc de Triomphe, and Seine River positively impact the French and broader European economies? We thought this Goldman Sachs research piece, “How investable is Europe?,” might be of interest. 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.
J.P. Morgan Asset Management:
Goldman Sachs:
Nuveen:
Argus:
Capital Group:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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