Market Notebook

by Cory Haupt | Feb 4, 2024

MARKET COMMENTARY

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

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

SENTIMENT:
Sentiment appears bullish on moderating inflation data and the resilience of 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.

NOTES:
The book, The Psychology of Money by Morgan Housel, was added to the reading list. It is an excellent read and is highly recommended.

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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