Market Notebook

by | Jan 28, 2024

Discussion – 

MARKET COMMENTARY

PRICE ACTION:
Equity prices, as measured by ticker SPY, closed higher during the last week, while bond prices, as measured by ticker BND, closed lower.

TECHNICAL ANALYSIS:
Both SPY and BND might be considered in an upward trend.

SENTIMENT:
Sentiment appears bullish on moderating inflation data and resilience in the U.S. economy.

ECONOMY AND FUNDAMENTALS:
Economic indicators within the Market Notebook remain mixed.

Jobless claims are to be watched as an important indicator of a potential recession. Thus far, jobless claims are NOT indicative of a near-term recession.

All the best during the week ahead!

Disclaimer: Nothing in this discussion should be considered investment advice. The content of this discussion is strictly my personal opinion and subject to change at a moment’s notice. Investment advice can only be provided to you by your investment professional and not by a general market discussion such as this one. If you wish to speak with an investment advisor, contact us. We can probably help.