Market Notebook

by | Dec 3, 2023

Discussion – 

Equity prices, as measured by ticker SPY, and bond prices, as measured by ticker BND, closed higher on the week.

SPY price broke above the July highs, suggesting a possible transition to an upward trend.

BND price climbed sharply during the week, suggesting a possible transition to consolidation.

Market participant sentiment suggests short-term optimism as most believe the Federal Reserve is finished hiking rates. The most optimistic among investors are eyeing a soft landing for the U.S. economy.

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.