From the desks of Stanley Katz & Lauren Madera
In celebration of Thanksgiving, the ClientFirst Weekly Highlights & Commentary will not be published next week. From the ClientFirst family to yours, we hope you have a safe, peaceful and enjoyable holiday!
After last week’s smackdown, the three major US stock market indices recovered this past week (i.e., DJIA: +1.96%, S&P 500: +1.68%, Nasdaq: +1.73%). Interestingly, the rally was not precipitated by Nvidia’s earnings report on Wednesday. Market participation broadened on the back of a stable US economy and, potentially, a more business-friendly, less-regulatory environment. J.P. Morgan Asset Management scribed our first look into the coming year with their “Economy: A post-cycle economy faces greater policy uncertainty.” We hope you find it an interesting, short read.
Although Ed Yardeni has been around throughout Stanley’s career dating back to their Prudential-Bache days in the early 1980’s, we were unable to snag his words of wisdom on a regular basis until now! In recent musings, Ed has expressed concerns about the price of housing for rent and sale, straining consumer pocketbooks. Meanwhile, other components of inflation have receded. The Federal Reserve is scheduled to meet December 6th and debate whether to lower interest rates further. If they hit the pause button, the animal spirits may temper the market’s upward climb. Click the Yardeni Research link below for more 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.
J.P. Morgan Asset Management:
Yardeni Research:
Capital Group:
Neuberger Berman:
Argus:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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