Market Notebook

by Cory Haupt | Dec 17, 2023

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

TECHNICAL ANALYSIS:
SPY price continues to push to new highs, suggesting a possible transition to an upward trend.

BND price action suggests a possible transition to an upward trend.

SENTIMENT:
Market participant optimism continued during the last week. Inflation data suggesting further rate hikes will not be necessary, along with decent economic fundamentals in the U.S. appear to be contributing to recent price moves in both equities and bonds.

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!

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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.

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