Market Notebook

by Cory Haupt | Nov 10, 2024

Discussion –

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

SPY +4.75%
BND +0.76%

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

BND price appears established in an upward trend.

SENTIMENT:
Sentiment was very positive on the news of Donald Trump’s election. Market participants believe that a Trump presidency will be good for corporate profits. It is quite possible that the sentiment expressed last week will be tempered in the days to come.

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!

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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.

Market Notebook

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