ClearWater Market Commentary as of September 8, 2023
Hopeful signs on the inflation front helped the major benchmarks end with solid gains for the week, although stocks closed out their first negative month since February.
Hopeful signs on the inflation front helped the major benchmarks end with solid gains for the week, although stocks closed out their first negative month since February.
Hopeful signs on the inflation front helped the major benchmarks end with solid gains for the week, although stocks closed out their first negative month since February.
Benchmark returns varied for the week as investors seemed to react to mixed signals on the economy and the course of monetary policy.
Stocks were broadly lower as sentiment appeared to take a blow from a sharp increase in longer-term bond yields and fears of a sharp slowdown in China.
The major benchmarks ended mixed for the week, as investors weighed inflation data against worries over the recent rise in long-term interest rates.
Positive growth and inflation surprises helped the major benchmarks round out a solid quarter on a high note, with the S&P 500 Index recording its best weekly gain since the end of March.
Positive growth and inflation surprises helped the major benchmarks round out a solid quarter on a high note, with the S&P 500 Index recording its best weekly gain since the end of March.
The major benchmarks closed lower in a holiday-shortened trading week. The Nasdaq Composite suffered its first weekly decline in two months, while the S&P 500 Index recorded its first drop in six weeks.
Favorable inflation and growth signals appeared to help stocks continue a rally that began with only a few interruptions in late May.
Calgary Alberta
610-703 6th Ave SW Calgary, AB
T2P 0T9
Join our Weekly Newsletter! We promise we won’t spam.
© Copyright All rights Reserved. ClearWater, like all providers of personal financial services is required by law to inform their clients of their policies regarding privacy of client information. The information in this material is not intended as tax or legal advice. ClearWater is a registered business in ALBERTA. Provided content is for informational purposes only. Website Designed and Created by SWOON Creative Media.
ClearWater Market Commentary as of September 15, 2023
The major equity indexes finished mixed, with value stocks leading the market as U.S. benchmark West Texas Intermediate oil prices rose above $90 per barrel for the first time since November 2022.