Monthly Economic Update: June

Alexis DuffyMonthly Newsletter, NewsroomLeave a Comment

Specific strength was seen in information technology towards the end of the month. Overall, the information technology sector showed investors a very solid earnings season, as earnings growth was the third highest among the 11 S&P 500 sectors.

The S&P 500 information technology sector is led by chip giant Nvidia Corp, Broadcom, Fair Isaac and Company, Super Micro Computer, and other tech powerhouses.

Monthly Economic Update: May

Alexis DuffyMonthly Newsletter, Newsroom

After a strong March, major U.S. equity indexes retreated in April. Rising Treasury yields were a prevalent theme for much of the month, while attention turned to corporate earnings and the Fed meeting at the end of the month.

Monthly Economic Update: April

Alexis DuffyMonthly Newsletter, Newsroom

Market bulls were also cheering the prospects of a more accommodating and rate-cutting Fed later this year, and they were bolstered by Federal Reserve Chair Jerome Powell’s comments on monetary policy, further catalyzing gains for the month.

Monthly Economic Update: March

Alexis DuffyMonthly Newsletter, Newsroom

The January jobs report released in early February showed a blowout jobs number with 353,000 jobs created vs. 185,000 forecasted. Is strong good employment data a good thing? It depends on how you look at it. 

Monthly Economic Update: February

Alexis DuffyMonthly Newsletter, Newsroom

January was good for long-term investors in U.S. stocks, especially in megacap tech with AI exposure. Market bulls were cheering the prospects of a more accommodating Fed in 2024, with the rate decision and Fed statement happening on the last day of the month.

Monthly Economic Update: November

Alexis DuffyMonthly Newsletter, Newsroom

Yes, the seasonal pattern for U.S. equities is strong at this time of year!

Historically, November and December are a strong time of year for U.S. equities. After October’s dismal showing for U.S. stock indexes, market watchers are debating the opportunities in stocks for the remainder of the year.

3rd Quarter of 2023 Economic Review

Alexis DuffyMonthly Newsletter, Newsroom

Overall, stock market bulls were on the retreat during the third quarter of 2023 as several major stock indexes traded lower in response to rising interest rates and a strong dollar.

In fact, after three consecutive positive quarters for the S&P 500, the large-cap index found some sellers in the third quarter.