From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HAVE FUN!
All three major US stock market indices were in the red this past week (i.e., DJIA: -1.07%, S&P 500: -0.71%, Nasdaq: -0.62%) on the heels of a hotter-than-expected labor report and corresponding rise in yields. This is the market’s way of saying, “The Fed may not lower interest rates any time soon.” The 10-year US Treasury struck 4.77% on Friday, the highest since November 2023. Higher yields like this tend to attract investment dollars to bonds from stocks. Hence, the stock market’s negative reaction. Schwab’s Weekly Trader’s Outlook provides a more in-depth explanation of this domino effect. Click the link below.
Per usual, one of our favorite economists, Dr. David Kelly from J.P. Morgan Asset Management, blessed us with his 1Q 2025 Economic and Market Update. The link contains his comments to a summary version of his longer PowerPoint presentation. Dr. Kelly kindly uses layman’s terms for us all to understand. We hope you find his piece interesting and worthwhile.
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.
Schwab:
J.P. Morgan Asset Management:
Zacks:
Argus:
Northern Trust:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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