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Peek of the Week

Layoffs, wages, and accumulated debts
Layoffs, wages, and accumulated debts

Peek of the Week - Weekly Market Commentary for February 5, 2024. Last 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. In December 2023, about 35,000 layoffs were announced. The January job cuts were concentrated in a few industries, and the reasons for the cuts included companies restructuring to lower costs and reorienting toward artificial intelligence.

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Leif HagenAchievement Financial
Consumers and voters: forces to be reckoned with
Consumers and voters: forces to be reckoned with

Peek of the Week - Weekly Market Commentary for January 22, 2024. Our Peek of the Week could help answer that question for you. Consumers are a force to be reckoned with and that's because each and every one of us is a consumer, vital to the American economy. As we buy things like coats, tweezers, bread, electricity and even when downloading apps to use, we are consuming. It's reassuring to know that consumers are feeling more optimistic than they have in awhile. The University of Michigan Consumer Sentiment Index reported a double-digit rise in December 2023, and saw an additional 13 percent increase for Consumer Sentiment in January 2024. Last week, a rally in technology stocks helped the S&P 500 Index close at an all-time high. Wow!

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Leif HagenAchievement Financial