John Hancock Investment Management的动态

Our #marketintelligence weekly video is live! Check it out for everything you need to know about what drove markets last week, and what's coming up in the week ahead, all in ~5 minutes!

?? Good morning! This week’s #marketintelligence weekly is up! Tune in below for 5 minute highlights with Matthew Miskin CFA ?? comment or DM with any questions ??? message me to schedule a 1:1 zoom review with Matthew Miskin CFA or Emily Roland #teamJH #marketcommentary #marketoutlook John Hancock Investment Management

Global PMIs suggest the U.S. is still holding up of the best globally, with the services side of the economy driving much of the strength. S&P 500 earnings season rolls on with Q3 earnings growth thus far tracking 3.45%. Initial jobless claims fell back down last week, but continuing claims remain elevated. This week we have 5 of the Mag 7 companies reporting earnings, the U.S. ISM, JOLTs, and then the #jobs report. In the subsequent week, we have the U.S. #election and a #Fed meeting. The next two weeks will be a lot of macro for markets to digest. As for our investment theme, we review the value being offered in high quality bonds as yields near 5%. John Hancock Investment Management

Market Thoughts by Brad McMillan, CIO with Commonwealth Financial Network: September was a solid month for investors, as falling interest rates supported healthy market returns. The S&P 500 and Dow set new all-time highs, while the Nasdaq got close. Still, risks remain. In the U.S., the primary concern is slower growth, as shown by cracks in the labor market. While the Fed’s attempts to support the economy by cutting rates are helpful, a further hiring slowdown could spook investors. Political risks are also rising with the upcoming elections. Watch the complete video here (3 min 42 sec): https://lnkd.in/easb-W3C

The economy is not slowing down. Q1 24 set the stage for accelerating earnings growth with 6% earnings growth. Despite the high forward P/E ratio of 20.5, which is above both the 5-year and 10-year averages, the S&P 500 continues to show strong potential for growth. For the full year 2024, the forecasted earnings growth stands at 11.4%. Earnings growth is a three-quarter leading indicator for capex spending, and the continued strength in earnings suggests that we will see a strong rebound in business fixed investment over the coming quarters. #economicgrowth #earningsgrowth #investing

Why are S&P 500 earnings estimates declining for Q3 2024? Despite an overall projected earnings growth of around 4.6% for the S&P 500 in Q3 2024, there has been a notable downward revision in estimates, particularly since mid-year. This reflects increasing economic uncertainty. Inflationary pressures, coupled with higher capital costs due to prior interest rate hikes, have impacted profitability across many sectors. While sectors like Information Technology and Healthcare continue to show resilience, Energy is facing significant challenges, leading to sector-specific downward revisions. Furthermore, many companies have issued conservative earnings guidance, anticipating weaker demand in the upcoming months. This highlights the broader economic headwinds U.S. companies are navigating, even as some industries continue to thrive. Source: Bloomberg Intelligence, FactSet, IG International #Finance #SP500 #Earnings #Economy #Investing #Q32024 #Bloomberg #MarketAnalysis

Major equity markets ended the week positive. Much of the focus was centered around the jobs report released Friday which came in well above expectations while the unemployment rose to 4%. Despite showing a strong labor market, this news was somewhat disappointing for investors hoping for a more accommodative stance from the Federal Reserve. Next week, the Federal Reserve will meet to decide whether or not to keep interest rates at current levels.

I do not mind today's tepid jobs report. The market is reacting favorably, because investors are assuming this will encourage the Fed to have a more benign approach to monetary policy going forward (vis-a-vis rate cuts). We seem to be in a Goldilocks situation for the first four months of 2024: nothing too hot and nothing too cold. I am OK with that as well. Equity valuations are ultimately based on corporate earnings and fundamentals, and as we have seen since last fall, as long as those results are consistently positive, the market will respond accordingly, and focused shareholders will likely be suitably rewarded.

Major equity markets ended the week positive. Much of the focus was centered around the jobs report released Friday which came in well above expectations while the unemployment rose to 4%. Despite showing a strong labor market, this news was somewhat disappointing for investors hoping for a more accommodative stance from the Federal Reserve. Next week, the Federal Reserve will meet to decide whether or not to keep interest rates at current levels.

Explaining the Upside of the Index Without the Downside loss We discuss how the index strategy can provide the upside growth of the market without the downside losses. This is a unique feature that many people are not aware of, as most employer accounts do not offer this type of account. We also touch on the systemic reasons why the rich tend to get richer while the poor tend to get poorer. #investing #indexfunds #wealthbuilding #financialeducation