Weekly Commentaries
AE Wealth Management: Weekly Market Insights | 8/27/23 – 9/2/23
Weekly Market Commentary THE WEEK IN REVIEW: Aug. 27 – Sept. 2, 2023 No major damage from Jackson Hole Federal Reserve Chairman Jerome Powell’s comments from the Economic Symposium in Jackson Hole, Wyoming, didn’t really change the overall mood of the markets, although he was pretty hawkish. At last year’s summit, Powell basically killed any…
AE Wealth Management: Weekly Market Insights | 8/20/23 – 8/26/23
Weekly Market Commentary THE WEEK IN REVIEW: Aug. 20-26, 2023 Mixed signals lead to mixed returns Markets didn’t know which direction to go last week as they tried to decide which had more weight: the good news or the not-so-good news. On the good side, the labor market appears strong, as the weekly jobless claims…
AE Wealth Management: Weekly Market Insights | 8/13/23 – 8/19/23
Weekly Market Commentary THE WEEK IN REVIEW: August 13-19, 2023 Fed hike remains on the horizon The minutes from the last Federal Reserve meeting were released last week. They showed some Fed members were in favor of pausing rate hikes, but most were on the side of continuing to raise rates. The 10-year Treasury zoomed…
AE Wealth Management: Weekly Market Insights | 8/6/23 – 8/12/23
Weekly Market Commentary THE WEEK IN REVIEW: August 6-12, 2023 Sticky inflation Inflation, as measured by the consumer price index (CPI), came in at 3.2% year over year for July, up 0.2% from June’s reading of 3.0%. The producer price index (PPI) was also elevated from the June reading, yet the year-over-year rate remained at…
AE Wealth Management: Weekly Market Insights | 7/30/23 – 8/5/23
Weekly Market Commentary THE WEEK IN REVIEW: July 30 – Aug. 5, 2023 Consequences Fitch Ratings downgraded the United States’ long-term foreign-currency issuer default rating from AAA to AA+ last Tuesday, removing the “negative” rating watch and assigning a “stable outlook” label instead. (It’s like saying we were a shaky No. 1 but now a…
AE Wealth Management: Weekly Market Insights | 7/23/23 – 7/29/23
Weekly Market Commentary THE WEEK IN REVIEW: July 23 – July 29, 2023 Another Fed meeting, another rate hike As anticipated, the Federal Reserve increased interest rates by another 25 basis points during last week’s meeting, taking the Fed Funds rate to 5.25-5.50% (the highest level since 2001). In his post-meeting remarks, Fed Chair Jerome…
AE Wealth Management: Weekly Market Insights | 7/16/23 – 7/22/23
Weekly Market Commentary THE WEEK IN REVIEW: July 16 – July 22, 2023 Rally continues as the market anticipates the July Fed meeting Last week was a strong one for the market, even though corporate earnings were mixed. (More on this in the next section.) Overall, the Dow Jones Industrial Average (DJIA) closed at new…
AE Wealth Management: Weekly Market Insights | 7/9/23 – 7/15/23
Weekly Market Commentary THE WEEK IN REVIEW: July 9 – 15, 2023 Rally continues as inflation drops Markets had a strong week, posting year-to-date highs as we topped 4,500 on the S&P 500. The primary driver for the continued rally? Anticipation (and then affirmation) of declining inflation readings. Remember last year? The Consumer Price Index…
AE Wealth Management: Weekly Market Insights | 7/2/23 – 7/8/23
Weekly Market Commentary THE WEEK IN REVIEW: July 2 – July 8, 2023 Minute by minute The latest Federal Reserve meeting minutes were released last week. Members pretty much completely agreed on the need for additional rate hikes, virtually guaranteeing at least a 25-basis-point (.25%) increase at their next meeting on July 25 and 26.…
AE Wealth Management: Weekly Market Insights | 9/3/23 – 9/9/23
Weekly Market Commentary THE WEEK IN REVIEW: Sept. 3 – 9, 2023 The economy is hanging in there Stocks closed lower last week, even as the latest data shows the U.S. is still doing well from an economic standpoint. Not a lot of new numbers were released, but the ones that were generally surprised on…