Month: May 2024

Weekly Market Commentary THE WEEK IN REVIEW: May 19-25, 2024 Sizing things up The week started slowly, as expected, with markets mulling over the inflation data from the previous week and letting off a bit of steam as we recorded new all-time highs. Things picked up on Wednesday following the release of the Federal Reserve’s…

Weekly Market Commentary THE WEEK IN REVIEW: May 12-18, 2024 New week, same concerns Inflation isn’t budging. The producer price index (PPI) for March was revised downward from its original reading of 2.1% to 1.8%. Then, final demand (PPI minus food, energy and trade services) increased by 3.1% for the 12 months ending in April.…

Weekly Market Commentary THE WEEK IN REVIEW: May 5-11, 2024 Calm before the storm? Last week was quieter after the Federal Reserve meeting and the most recent jobs report. Markets resumed their upward march as the narrative of two to three rate cuts in 2024 was resuscitated. After a soft first-quarter gross domestic product (GDP)…

Weekly Market Commentary THE WEEK IN REVIEW: April 28 – May 4, 2024 Fed stays put Expectations for a rate cut going into last week’s Federal Reserve meeting were practically zero. Markets were anxious to see what Chairman Jerome Powell’s post-meeting tone would be in light of continuingly stubborn and sticky inflation numbers. We are…