Please note: The full Weekly Market Review is in the PDF below.
1. This week’s economic calendar is heavily focused on growth and inflation data that could influence both equity and bond markets. The most important releases are Thursday’s final estimate of first-quarter GDP, weekly jobless claims, and Friday’s Personal Consumption Expenditures (PCE) inflation report, which remains the Federal Reserve’s preferred inflation gauge.
2. THE MAIN STORY THIS WEEK focuses on the latest in Housing.   Housing affordability continues to deteriorate across the United States. The median monthly housing payment recently climbed to its highest level in a year, driven by a combination of elevated home prices and mortgage rates that remain above 6.5%. As a result, many prospective buyers are delaying purchases, pending home sales have softened, and affordability challenges continue to worsen for households trying to enter the market.
3. For years, many on Wall Street questioned xAI’s path to profitability due to its massive capital requirements and uncertain revenue model. Today, that perception has shifted dramatically as long-term compute leasing agreements with major customers such as Alphabet and Anthropic have transformed xAI from a cash-consuming startup into a business with substantial recurring revenue and improved visibility into future earnings.
4. World Watch
- One of the most important developments in the energy market this week is the agreement allowing Iran to resume selling oil on the open market for the first time since 2018. While the headline suggests a significant increase in global oil supply, the reality is that Iran’s production recovery will likely be gradual.
- Gold and silver have pulled back from their recent highs for several reasons. The move is likely driven more by positioning and market mechanics than by any major change in the long-term fundamentals.
- An updated snapshot of the current global state of economy.
5. Quant & Technical Corner: a selection of quantitative & technical data we monitor on a regular basis to help gauge the overall financial market conditions and the investment environment.
From the desk of our Chief Investment Officer
As an investment professional with over twenty-six years of experience in the financial services industry, Andrew helps clients to protect, grow and transfer wealth during their lifetime with objective, unbiased, customized and efficient strategies.
Education, Professional Licenses Acquired & Affiliations
- Series 7, 63, 65 and 24 Licensed.
- Currently holding Series 65 License registered with SEC
- BA in Economics – Boston University (Boston, MA) 1993
- Certificate in Commodities Trading – New York University (New York, NY) 1991
- Certificate in Financial Planning – New York University (New York, NY) April 2011
With extensive experience in the Financial Services Industry, Andrew Tang and Turner Financial Group provides disciplined wealth management with an intelligent caring approach to each and every client that compliments the Dedicated Financial offering.
Len writes much of his own content, and also shares helpful content from other trusted providers like Turner Financial Group (TFG). Â
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