SYLD

Federal Reserve Watch: Are Markets Ready To Rise?

Real gdp grew by 3.00 percent, year-over-year. The stock market seems to be poised to move higher in december 2023. The federal reserve's securities portfolio has declined by $1.2 trillion since the start of quantitative tightening. John m. Mason believes quantitative tightening will continue into 2024.

Median Household Income In October 2023

median household income in october 2023 is estimated to be $76,588, a 0.27% increase from september 2023. Inflation-adjusted income for the typical american household rose by $211 in constant october 20 23 dollars. The average income earned by individuals from wages and salaries in october 2022 is $35,660. Median household income has grown slowly since september 2022.

December 2023 Perspective

November brought a reversal in the trend of rising yields in the us. Us equity markets delivered positive returns against a backdrop of declining sovereign yields and a resilient economy. Manning & napier's gary yeowell says a soft landing for the us economy is unlikely. The market is pricing in a benign rate cut from the fed in 2024, he says.

Growth Up, Inflation Down

Jlgutierrez says the goldilocks economy is in a moderate but positive position. He says the economy is experiencing moderate growth and moderate inflation. The fed eased up on its hawkish stance in the fall, he says. Jlgut gutierrez says the market is in the midst of a santa claus rally in december.

A Change Of Pace On Wall Street

Despite near-term optimism in the market, concerns remain about the us macro situation. The macro scene has been filled with negatives since early 2022. Interest rates are still in the driver's seat. Investors need to be nimble to take advantage of opportunities. The market is undecided on what the future holds.

Disinflation Dream Come True

According to the bureau of economic analysis, price pressures have significantly eased. Headline inflation was a mere 0.59 percent last month. Core inflation was 1.96 percent, below the federal reserve’s 2.0 percent target. Ongoing disinflation means monetary policy is unambiguously tight.

Continuing Claims Brutal Rise Continues

Initial jobless claims experienced a 22k drop last week, the largest one-week decline since june 24th. Seasonally-adjusted continuing claims have continued their rapid rise, with a week-over-week increase in nine of the last ten weeks. Initial claims experienced an unusually large drop back below 200k, the first sub-200k since october.

What Will Powell Say?

The dollar is trading softer today, with the scandis and dollar-bloc currencies leading with gains. Hong kong and south korea saw equity losses, while europe's stoxx 600 is up for the third straight gain. Caixin manufacturing unexpectedly rose to 50.7 in november. Market participants will be focused on fed chair powell's comments and stance on rate cuts.