Market Notebook

by | Nov 24, 2024

Discussion – 

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

SPY    +1.67%
BND    +0.15%

TECHNICAL ANALYSIS:
SPY price appears established in an upward trend.

BND price appears established in an upward trend.

SENTIMENT:
Equity investor sentiment was generally positive despite a mixed bag of data. Market participants are trying to get a read as to what a Trump presidency will look like economically.

ECONOMY AND FUNDAMENTALS:
Throughout the tightening cycle, jobless claims have never indicated a recession by our measure. We will continue to monitor weekly jobless claims closely.

Market participants should be on the lookout for recessionary conditions following the first rate cut after a tightening cycle. Thus far, the Federal Reserve has managed the economic cycle well.

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.