Red Sea Hostilities put the Federal Reserve on the Defensive. KEY TAKEAWAYS: Increasing geopolitical tensions. Houthi terrorists joining the Middle East conflict. Shipping costs are surging. Supply chain pressures could increase. Red Sea tensions put the Federal Reserve on the defensive.
Key Takeaways: -Major banks kick off 4Q23 earnings season later this week. -S&P 500 expected to report earnings growth for second consecutive quarter. -Communication services to be largest contributor. -Discretionary completed supported by Amazon earnings. -Looking for downgrades to 2024 earnings.
As we officially put 2023 in the books, we would like to take the time to wish everyone a Happy New Year and hope for a happy, healthy and prosperous 2024. Key Takeaways: We highlight the good, the bad and the ugly of 2023 from an asset class perspective.
There has been a lot of tinkering to retirement plan rules the last few years. Here is what you need to know about the new rules going into effect in 2024 that could impact your 401k, IRA and 529 plans.
Key Takeaways: U.S. economy remained resilient despite stubborn inflationary pressures. Cracks may be starting to show in the labor market. Global equities surge on a growth/AI related frenzy. Treasury yields climb to multi-decade highs but on pace to end the year flat. Commodities broadly lower; crude oil in bear market territory.
Key Takeaways: Investors increasing calls for “soft-landing” scenario. Inflation still not at Fed’s 2% target. Consumers may not be able to keep up with higher prices for much longer. Higher interest rates for longer mean higher interest payments. Resilient labor market creates problem for the Fed.