Peek of the Week - Weekly Market Commentary for October 16, 2023. Investors are currently considering geopolitics, the war in Israel, inflation, consumer sentiment, government shutdowns and volatility. In the last week, we've seen a war get declared with high death tolls and now the risk of it increasing in Israel's surrounding region has appeared. Americans are experiencing persistent inflation which has consumers feeling less optimistic. The good news is that banks did well in the third quarter.
Peek of the Week - Weekly Market Commentary for October 9, 2023. Financial markets lost ground during the third quarter, but U.S. stocks rallied last week due to corporate earnings and falling inflation. New details on inflation numbers, the labor market, and U.S. employment data. Unemployment rates are nearing historically low levels and labor force participation increased.
Peek of the Week - Weekly Market Commentary for October 2, 2023. Our Peek of the Week has some updated inflation numbers to share and although inflation is slowing, Americans aren't really feeling the relief. It costs about $734 more each month to buy the same goods and services as two years ago, at least for households who earn the median income. Oil prices have continuously contributed to the "pain in the pocketbook" for people, and yet investors are hopeful that the Fed might not raise rates again in 2023. Stocks moved higher on Thursday before reversing their course.
