Weekly Market Commentary – Week 63
3/11/2024
The week got off to a good start… In testimony before House and Senate committees, Federal Reserve (Fed) Chair Jerome
MOREThe week got off to a good start… In testimony before House and Senate committees, Federal Reserve (Fed) Chair Jerome
MOREThe bull market is alive and well.
“We know what investors are thinking,” reported Jacob Sonenshine of Barron’s.
Enthusiasm for everything related to artificial intelligence (AI) drove a global stock market rally last week. Equity markets in the United States, Europe, and Japan hit all-time highs after a leading chipmaker reported better-than-expected earnings and an extraordinary surge in demand for its artificial intelligence-targeted processors, wrote Rita Nazareth of Bloomberg.
MOREThe Federal Reserve (Fed) is the central bank of the United States. A longstanding bit of investment wisdom is: Don’t fight the Fed.
MOREFor decades, China was among the fastest-growing economies in the world. Its real gross domestic product, which is the value of all goods and services it produces, grew by about nine percent a year, on average, from 1978 through 2022, according to The World Bank.
MORELast week, the January 2024 Challenger Report found that employers based in the United States cut more than 82,000 jobs in January. That’s a lot.
MOREThe United States economy is not performing the way anyone thought it would. Instead of tipping into a recession last year, it crushed expectations.
MOREConsumers are a force to be reckoned with – and we’re all consumers. We buy coats and tweezers, electricity and bread, screens and fishing poles.
MORELast week, we received a lot of information about inflation. Some seemed to support the idea that inflation was sticky, meaning it wasn’t moving lower, while other data suggested inflation was in retreat.
MORELast week, investors appeared to suffer from a New Year’s hangover.
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