Trade Winds: June 2024 - Economic and capital market overview as of month-end May 2024. Read more: https://hubs.ly/Q02z-0ng0
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April 2024 - Economic and capital market overview as of month-end March 2024. Read our latest issue of Trade Winds: https://hubs.ly/Q02rV2S50
Trade Winds: April 2024
neamgroup.com
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The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week.
Wake me up in September
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Weekly Market Roundup: US Economic Data: Producer Price Index (PPI) and Consumer Price Index (CPI) for July indicate cooling inflation. Headline CPI printed at 2.9% Y/Y, while core inflation excluding food and energy items hit 3.2%, the lowest in three years. This decline was driven by falling used car prices (-2.3%) and new car prices (-0.2%). Federal Reserve Rate Cuts: With inflation stabilizing below 3%, the market anticipates a 25 basis points (bps) rate cut by the Federal Reserve in September. The debate now centers on the size of the cut, with some speculating a larger 50 bps reduction. Retail Sales: June retail sales showed a robust 1.0% increase M/M, likely driven by Amazon Prime Day. This strong performance, despite a slight downward revision in June data, underscores resilient consumer demand. Canadian Economic Data: In Canada, wholesale sales excluding petroleum decreased by 0.6% M/M in June, with significant declines in the motor vehicle sector. Manufacturing sales also fell by 2.1%, led by transportation equipment (-2.9%), chemical products (-5.8%), and primary metals (-2.7%). This softness reflects the lagged impact of high interest rates and excess labor supply. Market Trends: Investors are encouraged by the cooling inflation and strong demand for new issuances. Credit spreads continued to tighten, reflecting robust investor appetite. The market is transitioning from pricing in US exceptionalism to a more subdued economic outlook characterized by benign inflation and balanced labor markets. Company News: Starbucks saw a 20% rise in stock price after announcing Brian Niccol, former CEO of Chipotle, as its new CEO. This change is expected to bring strategic focus and improved results for the company. Stay ahead of the curve with Pharus Wealth Advisory Group. Follow us for more insights and visit www.pharuswealth.ca for detailed analysis and investment solutions. #PharusWealth #EconomicUpdate #MarketTrends #InvestmentInsights #FinancialPlanning #USEconomy #CanadianEconomy #Inflation #RetailSales #FedRateCut #InvestorSentiment #Starbucks #LeadershipChange
The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week.
Wake me up in September
linkedin.com
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The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week.
Wake me up in September
linkedin.com
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The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week.
Time flies when you’re having fun
linkedin.com
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The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week.
Wake me up in September
linkedin.com
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The Weekly Market Roundup is now available. Keep reading as investment professionals discuss economic data, how the markets reacted this week as well as what to watch next week.
Wake me up in September
linkedin.com
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⚡ A comprehensive review of inflation-fighting strategies and market developments around the world. Information on economic policies of different countries, the effects of inflation and proposed solutions…
Fighting Inflation and Market Developments Around the World
raillynews.com
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Weekly data-driven insights on the markets and economy - check out this week's Well-th Notes!
THE WELL-TH NOTES
wealthtrustadvisors.com
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Learn what affected economic markets last quarter in our second quarter market review.
Second quarter 2024 market review
fp.thriventfunds.com
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