The Weight of High Interest Rates + NEW EPISODE OF RAISE YOUR AVERAGE + MORE!

What happened this week?

• Markets Price a Quicker Fed Pivot - As of midday Friday, global equities rose as improved US inflation data reinforced the notion that the US Federal Reserve’s tightening cycle has ended. The yield on the US 10-year Treasury note declined 13 basis points from last Friday to 4.46% while the price of a barrel of West Texas Intermediate crude oil fell $1.50 to $75.25. Volatility, as measured by the Cboe Volatility Index (VIX), fell to 13.8 from 15 a week ago.
• The Weight of High Interest Rates - Central bank strategy falls into the latter category. The famed economist Milton Friedman observed that monetary policy “works with long and variable lags.” Understanding the delay between action and reaction will be critical to sticking the soft landing in 2024.
• 4 Weak Spots in the Current Market - Today's uncertain economic climate is putting particular pressure on four market segments. Here's what to watch out for in the months ahead ??
• Equity Investors Should Mind These Macro Drivers - The dynamics of the equity market are influenced by myriad macroeconomic variables. Recently, long-term interest rates have served as a cap on performance, while nominal growth and overall liquidity have provided a floor.
• What's behind the volatility in the U.S. Treasury yields? - On the latest edition of Market Week in Review, Chief Investment Strategist for North America, Paul Eitelman, and Equity Manager Research Analyst Michelle Batjargal discussed the recent volatility in U.S. government bond yields and its impact on markets. They also chatted about the state of the economy in both Europe and China.

Top Performing:

1. Gap Inc ▲36.83%
2. Coinbase Global Inc ▲19.02%
3. Riot Platforms Inc ▲17.03%
4. Tenet Healthcare Corp ▲16.68%
5. Alpha Metallurgical Resources Inc ▲12.85%

Bottom Performing:

1. Urban Outfitters Inc ▼-7.99%
2. Guess Inc ▼-6.99%
3. Amc Entertainment Holdings inc ▼-6.70%
4. Autodesk Inc ▼-5.69%
5. Cal maine Foods Inc ▼-4.45%

Raise Your Average #60: Jeremy Schwartz + Jeff Weniger @ WisdomTree

We're excited to share our conversation with two distinguished guests from WisdomTree, Jeremy Schwartz and Jeff Weniger. Jeremy Schwartz, CFA, Global Chief Investment Officer at WisdomTree, shares his views on the market and economy from his vantage point of overseeing all of WisdomTree's investment activity. Jeff Weniger, CFA, Head of Equity Strategy at WisdomTree, shares current insights from his team's analysis of stock market trends and macroeconomic developments.

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