facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause
Recap | Week Ahead | Strength Thumbnail

Recap | Week Ahead | Strength

“Never risk permanent loss of capital. Thanks to the American tailwind and the power of compound interest, the arena in which we operate has been – and will be – rewarding if you make a couple of good decisions during a lifetime and avoid serious mistakes.”   – Warren Buffet’s Annual Berkshire Hathaway Shareholder Letter

Last week's market recap: 

  • The S&P 500 closed the week up .99%.  Year-to-date the index is up 7.97%
  • NASDAQ closed the week up 1.76%.  YTD the index is up 8.55%
  • U.S. Aggregate Bond index was up .25%.  YTD the index is down -1.77%
  • 10-Year Treasury Rate decreased, ending the week at 4.19% down from 4.26% the prior week
    • Fed Funds Target rate remains at 5.25-5.50%
  • The 1-Year Treasury is yielding 4.98%  
  • A 6 Month Treasury is yielding 5.32%  
    • Short term rates are trending lower.  Reinvestment Risk for short term debt remains elevated.

The week ahead:  

  • Job Openings, Unemployment Rate
  • State of the Union
  • Fed Chair Testimony
  • Earnings: Target, Nordstrom, CrowdStrike, Costco, Broadcom, Marvel Technology, etc.

Year-to-Date Strength:

 Equities have performed well despite the rise in interest rates.

  • Industrials, Transports, and Financials are making all-time highs.
  • The S&P Equal Weight Index is almost at all-time highs.
  • Most stocks are going higher.
  • The market’s message is “strength.”  We’re not getting leadership from Utilities, or Consumer Staples.  This is good news for bulls as these sectors are defensive. 

The recent rally has been supported by an improved outlook for the economy and earnings.  Interest rates are expected to come down and earnings are good enough.   Investors should “make a couple of good decisions… and avoid serious mistakes.”

Source: Carson Investment Research, Factset 2/26/2024


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® 

Phillip Tompkins, CFP®

Important Disclosure Information

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by CRA Financial, LLC [“CRA]), or any non-investment related content, made reference to directly or indirectly in this commentary will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this commentary serves as the receipt of, or as a substitute for, personalized investment advice from CRA. Please remember to contact CRA, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. Unless, and until, you notify us, in writing, to the contrary, we shall continue to provide services as we do currently. CRA is neither a law firm, nor a certified public accounting firm, and no portion of the commentary content should be construed as legal or accounting advice. A copy of CRA’s current written Disclosure Brochure discussing our advisory services and fees continues to remain available upon request or at www.crafinancial.com. Please Note: If you are a CRA client, please advise us if you have not been receiving account statements (at least quarterly) from the account custodian. 

Historical performance results for investment indices, benchmarks, and/or categories have been provided for general informational/comparison purposes only, and generally do not reflect the deduction of transaction and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results. It should not be assumed that your CRA account holdings correspond directly to any comparative indices or categories. Please Also Note: (1) performance results do not reflect the impact of taxes; (2) comparative benchmarks/indices may be more or less volatile than your CRA accounts; and, (3) a description of each comparative benchmark/index is available upon request.

Please Note: Limitations: Neither rankings and/or recognitions by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any professional designation, certification, degree, or license, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if CRA is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers (to the extent applicable). Unless expressly indicated to the contrary, CRA did not pay a fee to be included on any such ranking. No ranking or recognition should be construed as a current or past endorsement of CRA by any of its clients. ANY QUESTIONS: CRA’s Chief Compliance Officer remains available to address any questions regarding rankings and/or recognitions, including the criteria used for any reflected ranking.