Stephen Dean, CFA is back with his monthly State of the Market commentary, covering recent market events and why they matter. Solid economic reports throughout the month with little change in inflation caused investors to recalibrate expectations of the speed and magnitude of the Fed's rate cutting path. Futures markets are now pricing in both fewer rate cuts and a higher ending rate for this cycle than in September. [1]?This shift dragged down both stock and bond returns and added volatility during the month. While equity markets have historically paid little attention to which party occupies the White House, additional market volatility came from investors positioning themselves for the outcome of what is projected to be an extremely close presidential election. October at a glance: → US real GDP rose 2.8% in Q3, down slightly from 3% in Q2. [2] → The Core PCE price index was up 2.7% in September from a year ago. [3] → The unemployment rate remained at 4.1% despite weak job gains on strike and hurricane impacts. [4] → Stocks ended the month on a weak note as Q3 earnings were mixed for some bellwether tech companies. → Equity market volatility increased on heightened focus on earnings and the election. → Interest rates have moved up since the Fed rate cut in September. You can read Steve's full commentary about October 2024 here: https://lnkd.in/eWMbGnsz
Compound的动态
最相关的动态
-
FIDUCIARY | VETERAN WEALTH ADVISER | PUBLISHED AUTHOR | PUBLIC SPEAKER | CONTENT GURU [email protected] | (813) 761-3456
Are you worried about the elections' impact on the markets? From a historical perspective, investors shouldn't be. To borrow from Benjamin Graham, “In the short run, markets are a voting machine, in the long term a weighing machine.” Check out Stephen Dean, CFA's latest State of the Market commentary. #cognitivebiases #vote #fundamentals #benjamingraham #exceptionaladvisor
Stephen Dean, CFA is back with his monthly State of the Market commentary, covering recent market events and why they matter. Solid economic reports throughout the month with little change in inflation caused investors to recalibrate expectations of the speed and magnitude of the Fed's rate cutting path. Futures markets are now pricing in both fewer rate cuts and a higher ending rate for this cycle than in September. [1]?This shift dragged down both stock and bond returns and added volatility during the month. While equity markets have historically paid little attention to which party occupies the White House, additional market volatility came from investors positioning themselves for the outcome of what is projected to be an extremely close presidential election. October at a glance: → US real GDP rose 2.8% in Q3, down slightly from 3% in Q2. [2] → The Core PCE price index was up 2.7% in September from a year ago. [3] → The unemployment rate remained at 4.1% despite weak job gains on strike and hurricane impacts. [4] → Stocks ended the month on a weak note as Q3 earnings were mixed for some bellwether tech companies. → Equity market volatility increased on heightened focus on earnings and the election. → Interest rates have moved up since the Fed rate cut in September. You can read Steve's full commentary about October 2024 here: https://lnkd.in/eWMbGnsz
October 2024: Volatility increases on changing expectations of rate cuts and election uncertainty
info.compoundplanning.com
-
As U.S. rate cuts near, history shows stocks and bonds often perform well after the Fed starts easing cycles, with equities showing greater variability. Given mixed economic signals, the focus should be on quality in portfolio positioning.
Fed rate cuts on the horizon
https://www.rbcwealthmanagement.com/en-us
-
Steve Dean, CFA? is back with his monthly State of the Market commentary, covering market events from April 2024 and why they matter. https://lnkd.in/enZAZAcd After a strong start to the year, stubbornly high inflation and weaker than expected GDP growth reports sent stock and bond returns tumbling in April. Investors appear to have adjusted expectations for the Fed’s first rate cut to later in the year, perhaps even beyond the June meeting, with growing concern that the economy will start to show weakness before rate cuts arrive. Fed Chair Powell continues to point to relatively strong current economic activity and tight labor markets to justify the holding pattern on short-term interest rates. Still, with the equity market gains of the last year pushing stock valuations to relative highs, the fear is that economic and corporate earnings growth will not come in strong enough to justify the lofty stock prices. The month at a glance: → US equity indices fell for the first month since last fall. → Fixed income returns were weak as longer term interest rates rose. → Estimated GDP growth for Q1 rose just 1.6%, weaker than expected, but primarily due to inventory shrinkage rather than any slowing in consumer spending. → Wage growth remains relatively high, boosting consumption, but challenging the moderation in inflation. You can read Steve's entire State of the Market update here: https://lnkd.in/enZAZAcd
April 2024: Stubborn inflation spooks markets despite continued strong growth
info.compoundplanning.com
-
Stephen Dean, CFA is back with his monthly State of the Market commentary, covering market events from April 2024 and why they matter. After a strong start to the year,?stubbornly high inflation?and weaker than expected GDP growth reports sent stock and bond returns tumbling in April. Investors appear to have adjusted expectations for the Fed’s first rate cut to later in the year, perhaps even beyond the June meeting, with growing concern that the economy will start to show weakness before rate cuts arrive. Fed Chair Powell continues to point to relatively strong current economic activity and tight labor markets to justify the?holding pattern?on short-term interest rates. Still, with the equity market gains of the last year pushing stock valuations to relative highs, the fear is that economic and corporate earnings growth will not come in strong enough to justify the lofty stock prices. The month at a glance: → US equity indices fell for the first month since last fall. → Fixed income returns were weak as longer term interest rates rose. → Estimated GDP growth for Q1 rose just 1.6%, weaker than expected, but primarily due to inventory shrinkage rather than any slowing in consumer spending. → Wage growth remains relatively high, boosting consumption, but challenging the moderation in inflation. You can read Steve's entire State of the Market update?here: https://lnkd.in/eyUaYgSf
April 2024: Stubborn inflation spooks markets despite continued strong growth
info.compoundplanning.com
-
https://bit.ly/3AKEESe As U.S. rate cuts near, history shows stocks and bonds often perform well after the Fed starts easing cycles, with equities showing greater variability. Given mixed economic signals, the focus should be on quality in portfolio positioning.
Fed rate cuts on the horizon
ca.rbcwealthmanagement.com
-
As U.S. rate cuts near, history shows stocks and bonds often perform well after the Fed starts easing cycles, with equities showing greater variability. Given mixed economic signals, the focus should be on quality in portfolio positioning.
Fed rate cuts on the horizon
https://www.rbcwealthmanagement.com/en-us
-
?? April Market Update Insights ?? After a strong start to the year, stubbornly high inflation and weaker-than-expected GDP growth reports sent stock and bond returns tumbling in April. Investors are adjusting their expectations for the Federal Reserve’s first rate cut, with concerns that the economy may weaken before rate cuts arrive. Here is Stephen Dean, CFA at Compound latest thoughts on the State of the Markets.
Steve Dean, CFA? is back with his monthly State of the Market commentary, covering market events from April 2024 and why they matter. https://lnkd.in/enZAZAcd After a strong start to the year, stubbornly high inflation and weaker than expected GDP growth reports sent stock and bond returns tumbling in April. Investors appear to have adjusted expectations for the Fed’s first rate cut to later in the year, perhaps even beyond the June meeting, with growing concern that the economy will start to show weakness before rate cuts arrive. Fed Chair Powell continues to point to relatively strong current economic activity and tight labor markets to justify the holding pattern on short-term interest rates. Still, with the equity market gains of the last year pushing stock valuations to relative highs, the fear is that economic and corporate earnings growth will not come in strong enough to justify the lofty stock prices. The month at a glance: → US equity indices fell for the first month since last fall. → Fixed income returns were weak as longer term interest rates rose. → Estimated GDP growth for Q1 rose just 1.6%, weaker than expected, but primarily due to inventory shrinkage rather than any slowing in consumer spending. → Wage growth remains relatively high, boosting consumption, but challenging the moderation in inflation. You can read Steve's entire State of the Market update here: https://lnkd.in/enZAZAcd
April 2024: Stubborn inflation spooks markets despite continued strong growth
info.compoundplanning.com
-
Senior Wealth Advisor & Portfolio Manager | Wen Family Wealth Group of RBC Dominion Securities Inc.
As U.S. rate cuts near, history shows stocks and bonds often perform well after the Fed starts easing cycles, with equities showing greater variability. Given mixed economic signals, the focus should be on quality in portfolio positioning. The post Fed rate cuts on the horizon appeared first on RBC Wealth Management. #FedRateCut - released 09 01 2024
Fed rate cuts on the horizon
https://www.rbcwealthmanagement.com/en-ca
-
Senior Vice President - Financial Advisor of the Ford Group at RBC Wealth Management
As U.S. rate cuts near, history shows stocks and bonds often perform well after the Fed starts easing cycles, with equities showing greater variability. Given mixed economic signals, the focus should be on quality in portfolio positioning. #InterestRates
Fed rate cuts on the horizon
us.rbcwealthmanagement.com
