Market Updates

Market Week: June 05, 2023

The May employment report showed a net creation of 339,000 jobs, above expectations and an uptick compared to April’s 264,000. Some signs of softness included a move higher of 0.3% in the unemployment rate to 3.7%. In addition, wage growth eased to 0.3% m/m, bringing the year-over-year rate down to 4.3%.

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Market Week: May 15, 2023

Following the Federal Reserve’s (Fed’s) decision to raise the federal funds rate to a range of 5.00%-5.25%, investors scoured April’s CPI report and the 1Q Senior Loan Officer Survey in an attempt to get a sense of the Fed’s next steps.

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Market Week: May 01, 2023

The week in review Consumer confidence fell to 101.3 Prelim. 1Q23 GDP came in below consensus at 1.1% Headline/Core PCE: 4.2%/4.6% y/y The week ahead FOMC meeting JOLTS Mfg. and services PMIs Employment Thought of the week At the March meeting, 17 out of 18 FOMC...

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Market Week: April 17, 2023

The 1Q 2023 earnings season is underway, with the large U.S. banks releasing results last Friday. Current analyst estimates are tracking operating earnings per share (EPS) of $49.54 ($39.73 ex-financials), representing y/y growth of 0.4% and a q/q decline of 1.6%.

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Market Week: March 27, 2023

The week in review FOMC hiked rates 0.25% to a range of 4.75%-5.0% Existing home sales jumped to 4.6M from 4.0M Prelim. March PMI Composite rose to 53.3 from 50.1 The week ahead PCE inflation Personal income and consumer spending Thought of the week March madness had...

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