Market Notebook
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 solidly in the “risk on” camp as market participants are hopeful that a new bull market has begun.
ECONOMY AND FUNDAMENTALS:
Inflation data suggests that inflation remains sticky. Inflationary data could easily be market-moving over the next several weeks.
Economic indicators within the Market Notebook remain mixed. Ideally, the Conference Board’s LEI would improve, and the yield curve would move away from inversion to feel more comfortable that recession is a more distant possibility.
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.