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Recap | Week Ahead | Diversifcation Thumbnail

Recap | Week Ahead | Diversifcation

If the currency (US Dollar) turns lower, it may mean inflation is cooling – and improved conditions for U.S. investors and companies.”   - J.P. Morgan Insights


Last week's market recap: 

  • The S&P 500 closed the week down -.09%.  Year-to-date the index is up 8.21%
  • NASDAQ closed the week down -.42%%.  YTD the index is up 15.64%
  • U.S. Aggregate Bond index was down -.23% for the week.  YTD the index is up 2.73%
  • 10-Year Treasury Rate increased, ending the week at 3.57% up from 3.52% the prior week.
    • Fed Funds Target rate is currently 4.75-5.00%
  • The 1-Year Treasury is yielding 4.76%  
  • A 6 Month Treasury is yielding 5.06%  


The week ahead:  

  • Earnings (Big Tech: Microsoft, Alphabet, Meta, Amazon.  Others: Boeing, UPS, Verizon, Exxon, Chevron, etc.) 
  • Pending Home Sales
  • Preliminary Q1 GDP
  • Personal Consumption Expenditures (PCE) The Fed’s preferred inflation gauge

Quick Comments:  

We’ve seen a rebound in stocks and bonds over the past six months.  This seems to be supported by:

  • Inflation heading in the right direction.
  • The banking “crisis” seems to have turned out to be much less threatening than originally feared.
  • The expected path of rate hikes has dropped.
  • U.S. dollar weakening:  The dollar tends to weaken once the Fed pivots back toward more accommodative policy, and the rest of the world grows in tandem.

All of these have contributed to a general bullish sentiment that has been reflected in most asset classes; however, earnings, economic data, and the debt ceiling ahead could increase volatility before a new bull market emerges.  For long-term investors, diversification remains extremely important. 

As always, let us know if you have any questions.


CRA Investment Committee 


Matt Reynolds CPA, CFP®

Tom Reynolds, CPA 

Robert T. Martin, CFA, CFP®

Gordon Shearer Jr., CFP® 

Jeff Hilliard, CFP®, CRPC®

Joe McCaffrey, CFP® 


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