Submitted by RiverTree Advisors, LLC on June 3rd, 2024
Last Week on Wall Street
For the short holiday week, economic data included U.S. GDP growth being downgraded a few tenths, continued improvement in lower PCE inflation, higher home prices, and improved consumer sentiment.
Submitted by RiverTree Advisors, LLC on May 6th, 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.
Submitted by RiverTree Advisors, LLC on April 1st, 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.
Submitted by RiverTree Advisors, LLC on March 5th, 2024
Last Week on Wall Street
Economic data for the week included a minimal revision downward for 4th quarter U.S.
Submitted by RiverTree Advisors, LLC on February 5th, 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.
Submitted by RiverTree Advisors, LLC on January 2nd, 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.
Submitted by RiverTree Advisors, LLC on December 4th, 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.
Submitted by RiverTree Advisors, LLC on November 7th, 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.
Submitted by RiverTree Advisors, LLC on October 4th, 2023
Submitted by RiverTree Advisors, LLC on September 5th, 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.
