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Investment Update May 7, 2024

Last Week on Wall Street

Economic data for the week included the FOMC meeting ending in no action, as expected. Both ISM manufacturing and services fell back into contraction, while the employment situation report came in weaker than expected. Home prices continued their stretch of gains by several measures.

Investment Update April 2, 2024

Last Week on Wall Street

On a week shortened by the Good Friday holiday, economic data included the final U.S. GDP growth number for the 4th quarter being revised slightly higher. Recent monthly data included gains in durable goods orders, and mixed house price and home sales data, as well as mixed results in consumer confidence.

Investment Update March 6, 2024

Last Week on Wall Street
 
Economic data for the week included a minimal revision downward for 4th quarter U.S.

Investment Update February 6, 2024

Last Week on Wall Street

Economic data for the week included the Federal Reserve keeping interest rates unchanged, as expected. ISM manufacturing data improved, while the employment situation report for January came in far stronger than expected.

Investment Update January 3, 2024

Last Week on Wall Street

In a holiday-shortened week, economic data was light, consisting of increases in home prices from the fall, while jobless claims continued to be little changed.

Investment Update December 5, 2023

Last Week on Wall Street

Economic data for the week included Q3 Gross Domestic Product (U.S. economic production) being revised slightly higher, while Personal Consumption Expenditures (an inflation gauge) continued to decelerate. Manufacturing data remained contractionary on net, and new and pending home sales fell back.

Investment Update November 8, 2023

Last Week on Wall Street

Economic data for the week included the Federal Reserve holding interest rates steady, ISM manufacturing and services both showing declines, gains in home prices, while the employment situation report showed job positive gains, but at a weaker pace than expected.

Investment Update October 5, 2023

Last Week on Wall Street

Investment Update September 6, 2023

Last Week on Wall Street

Economic data for the week included a revision downward for U.S. Q2 GDP, as well as improved but still negative ISM manufacturing. Housing results were generally positive, from the standpoint of home prices and pending sales. Labor market data was mixed, with continued signs of slowing, but remaining decent.

Investment Update August 1, 2023

Last Week on Wall Street

Economic news for the week included the U.S. Federal Reserve raising interest rates by another quarter percent, Q2 GDP growth that came in stronger than expected, as did durable goods orders and consumer sentiment.

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