Oct. 24th, 2024 – Weekly Market Review
1. Recent U.S. economic data has been more positive than expected. In September 2024, the U.S. economy added 254,000 jobs, significantly exceeding predictions. This strong job [...]
1. Recent U.S. economic data has been more positive than expected. In September 2024, the U.S. economy added 254,000 jobs, significantly exceeding predictions. This strong job [...]
1. The stock and bond markets reacted positively to the latest inflation (CPI) report for September. Released on October 10, the latest CPI report showed that [...]
1. The Fed is watching the weather and Fed Chair Powell is contemplating a 50bps cut in November. U.S. was recently struck by two significant hurricanes, [...]
1. Some of the companies that have recently announced layoffs include Amperity, Drata, F5, Fly.io, FreightWaves, IBM, Luminar, Moov, Notable Labs, Olo, Reverb, and Udemy. In 2024, at least 86,913 workers at U.S.-based tech companies have been laid [...]
1. In his most recent weekly article titled "The Budget Blowout," Brian Wesbury of First Trust highlights the alarming growth of the U.S. federal budget deficit, [...]
1. The Federal Reserve's decision to cut interest rates by 50 basis points (bps), as anticipated, reflects Chairman Jay Powell's proactive strategy to support the [...]
1. The most recent CPI report disappointed investors and traders for a couple of key reasons. Although overall inflation has been moderating, with the year-over-year CPI [...]