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Recap | Week Ahead | Risk and Opportunity Thumbnail

Recap | Week Ahead | Risk and Opportunity

“It’s generally human nature to over-estimate risk and under-estimate opportunity. The risks are probably not as big as you perceive and the opportunities may be bigger than you perceive.”  – Jeff Bezos

 

Last week's Market Recap: 

  • The S&P 500 closed the week up .99%. Year-to-date the index is up 29.34%
  • NASDAQ closed the week up 3.36%. YTD the index is up 33.19%
  • U.S. Aggregate Bond index closed the week up .45%.  YTD the index is up 3.40%
  • 10-Year Treasury Rate decreased, ending the week at 4.15% down from 4.18% the prior week
    • Fed Funds Target rate remains at 4.50-4.75%
  • The 1-Year Treasury is yielding 4.20%  
  • A 6 Month Treasury is yielding 4.36%  

 

The week ahead:  

  • CPI (Inflation data)
  • PPI (Inflation data)
  • Earnings: Broadcom, Adobe, Costco, and more

 

Market Comments: 

Employment data is strong. The stock market is at or near all-time highs. Consumer spending remains strong. The economy is hot.  

So far, higher interest rates aren’t significantly slowing the overall economy. The U.S. economy appears to be in a modest slowdown, but still growing at or above trend.  Soft Landing.  

Heading into 2025, policy uncertainty and market volatility would not be surprising.  Pullbacks may create opportunities for investors to rebalance and add quality positions to their portfolios. 


Source: BlackRock Week in Review

 

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

 

Best, 

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® 

Phillip Tompkins, CFP®


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