From the desks of Stanley Katz & Lauren Madera
THE CLIENTFIRST TEAM – LAUREN MADERA, PAT RYAN, TALAYA BRYANT AND STANLEY KATZ – WISHES YOU A HAPPY HOLIDAY SEASON AND A NEW YEAR FILLED WITH GOOD HEALTH! THE WEEKLY HIGHLIGHTS & COMMENTARY WILL NOT BE PUBLISHED NEXT WEEK AS WE REST AND REFLECT ON 2024. WE LOOK FORWARD TO WORKING WITH YOU IN 2025!
On Thursday, the DJIA finally broke its ten-day losing streak, the longest one since 1974. The S&P 500 and Nasdaq followed suit downward as all three major US stock market indices produced negative returns for the week (i.e., DJIA: -2.26%, S&P 500: -1.98%, Nasdaq: -1.78%). Analysts seem to blame Wednesday’s hawkish-leaning comments from Federal Reserve Chairman Powell, projecting fewer interest rate cuts in the future than previously anticipated.
Several stock market indicators have suggested overbought conditions for some time. Even our November 20th Highlights & Commentary considered whether the 10-year US Treasury (UST) may be a warning sign as it approached 4.54%. Friday’s close for the 10-year UST was 4.519%. The BlackRock Weekly Commentary–“Diversifying our portfolio diversifiers”–offers some interesting insights for 2025 and beyond. Click the link below!
Much has been written about the incoming Trump Administration’s tariff policies and its potential impact on the US economy. The J.P. Morgan Asset Management piece synthesizes their thoughts on the topic very well. Enjoy as you embark on your holiday plans!
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.
BlackRock:
J.P. Morgan Asset Management:
Nuveen:
Northern Trust:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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