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Macro Musings

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Market Updates

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Market Updates

As of Market Close on January 17, 2025

Stocks closed higher last week, despite a few shaky days. Each of the benchmark indexes listed here posted gains, led by the Russell 2000 and the Dow. Consumer discretionary stocks outperformed along with energy, financials, materials, and industrials. Investor sentiment improved following favorable inflation data and solid earnings from major banks. Crude oil prices increased for the fourth straight week, primarily driven by concerns of new U.S. sanctions against Russian oil producers, which raised worries of tighter global oil supplies. The dollar index declined, snapping a six-week rally.

As of Market Close January 10, 2025

Stocks fell sharply last week as favorable economic data furthered sentiment that the Federal Reserve would keep interest rates elevated for a longer period of time this year. Each of the benchmark indexes lost value with only energy and health care advancing, while the remaining market sectors ended the week in the red. Crude oil prices rose to levels not seen since October as new sanctions against Russia’s oil sector raised concerns of global supply disruptions. Ten-year Treasury yields ended the week at their highest levels in 14 months. The dollar index closed at its strongest rate since 2022. Gold prices climbed above $2,700.00 per ounce, extending gains for the fourth straight session.

As of Market Close January 3, 2025

A rise in values last Friday wasn’t enough to prevent stocks from closing generally lower last week. Each of the benchmark indexes declined to start the new year, with the exception of the Russell 2000. Among the market sectors, only energy, utilities, real estate, and health care advanced, while consumer discretionary fell the furthest. Ten-year Treasury yields ended the week where they began. Crude oil prices reached a two-month high, driven by cold weather in Europe and the U.S. coupled with growing optimism over increasing Chinese demand. The dollar remained near its highest levels in two years as investors banked on continuing U.S. economic resilience and fewer interest rate cuts. Gold prices rose following a dip in prices the previous week.

As of Market Close December 27, 2024

Christmas week saw stocks climb higher, despite a tumble last Friday. Each of the benchmark indexes listed here posted gains, led by the Global Dow and the NASDAQ. Scant holiday trading amplified market moves during the week. Information technology led the market sectors, with health care, communication services, utilities, financials, and energy also outperforming. Bond values receded, pushing yields higher. The dollar edged up, while gold prices ticked lower. Crude oil prices gained after falling the previous week.

As of Market Close December 20, 2024

Despite a late-week rally, stocks tumbled lower last week as Wall Street appears to be limping into the new year. Each of the benchmark indexes lost value, with the Russell 2000 falling nearly 4.5%. For much of the week, investors seemed to move from risk, particularly in light of the Federal Reserve’s revised projection of fewer interest rate reductions in 2025. The decline in equities was broad-based, with each of the market sectors ending the week in the red, with real estate, energy, and materials falling the furthest. Bond yields reached a near seven-month high. Crude oil prices declined on concerns over waning demand. The dollar reached a two-year high earlier in the week, while gold prices ended the week lower.

As of Market Close December 13, 2024

Stocks pulled back last week as tech shares pared gains from the prior week. The NASDAQ posted a minimal gain, while the S&P 500 retreated from recent record highs. Nine of the 11 market sectors declined last week, with only consumer discretionary and communication services advancing. Investors will be paying close attention to the Federal Open Market Committee, which meets December 17-18, at which time the Committee will have to decide if the recent uptick in price inflation is sufficient to defer another interest rate cut. While the November Consumer Price Index and Producer Price Index came in as expected (see below), data from both sources showed inflationary pressures moved further away from the Fed’s 2.0% target.

As of Market Close December 6, 2024

A stronger-than-expected jobs report (see below) helped drive stocks mostly higher last week and raise optimism of an interest rate cut when the Federal Reserve meets later in December. Consumer discretionary, communication services, and information technology helped drive the market, which was otherwise tempered by downturns in energy, utilities, real estate, and materials. Long-term bond prices were relatively stable, with yields on 10-year Treasuries slipping 2.0 basis points from the prior week’s closing mark. Crude oil prices declined on demand fears despite OPEC+’s decision to extend production cuts until the end of 2026. The dollar inched higher, while gold prices dipped lower.

Why Financial Professionals are Still Important

Learn why a live advisor can be more affective than a robo advisor in most cases.

Why Financial Literacy is important

Learn why financial literacy is so important, especially in this day and age.

Money Management Principles to Teach Your Children

Learn why it is important to teach your young children about finance and its importance.

The Importance of Financial Goals

Learn the importance of setting realistic financial goals.

Non-Fiduciary vs. Fiduciary

Learn the difference between Non-Fiduciary vs Fiduciary and what they offer you.

Retirement Strategy

Advice on how to spend your money after retirement.

*This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. This material was developed and produced by Advisor Websites to provide information on a topic that may be of interest. ©Copyright Advisor Websites.

Calculators

Link Disclosure: The information being provided is strictly as a courtesy. When you click on any of the links provided here, you are leaving this website and viewing information provided by a third party. We make no representation as to the completeness or accuracy of information provided by any third-party website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information, and programs made available through this website. By accessing these calculators, you assume total responsibility and risk for your use of the third-party website.

About Corbett Road

We pride ourselves on our discovery process, comprehensive financial planning, a proprietary approach to tactical investment management, and a high level of client service. We appreciate the uniqueness of each of our clients and the relationships that result from partnering with them.
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Macro Musings

smartlife™ Newsletter

Market Updates

In The Media

Market Updates

As of Market Close on January 17, 2025

As of Market Close January 10, 2025

As of Market Close January 3, 2025

As of Market Close December 27, 2024

As of Market Close December 20, 2024

As of Market Close December 13, 2024

As of Market Close December 6, 2024

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