The three-month moving average of new hiring has been consistently lower this year, a trend that is not as concerning as it might seem when compared to the pre-COVID-19 era.
Despite the volatility in the stock market and inflation, a majority of survey participants agreed that gold may be a safe haven asset to introduce to clients worried about ongoing market uncertainty. With nearly three quarters of surveyed investors who currently have gold ETFs in their portfolios saying that the asset class has improved the overall performance of their portfolios.
As the U.S. industrial production growth stagnated for decades due to globalization and low-cost manufacturing in China, a transformative shift is now underway due to the resurgence of reshoring and the localization of supply chains. The Infrastructure and Jobs Act (IIJA) and the Inflation Reduction Act (IRA) serve as strategic enablers, designed to reinforce U.S. competitiveness across emerging industries such as renewable energy, electric vehicles, and semiconductors.
The labor market has exhibited remarkable resilience, but last week's employment data showed a cooling trend
Financial advisors can help investors avoid counterproductive behaviors and pursue their financial goals with confidence, especially in uncertain markets.
Labor momentum continues to decelerate, with job growth slowing significantly in August, implying that the inflation-ridden, red-hot services sector may finally be reaching supply and demand balance.
Stocks retreated on Monday after a strong rally the previous day, driven by a credit downgrade of a few banks and weak retail earnings. Despite this, stocks resumed their upward trend on Wednesday following the release of positive economic data.
As I've discussed quite a bit recently, the recent sell-off in the U.S. Treasury arena seems to underscore the point that the money and bond markets have finally 'come to the Fed' and accepted this higher-for-longer theme.
The recent rise in long-term yields and the health of the banking sector will be top of mind for investors while Powell and the committee consider how high and how long the fed funds rate should be.
Rising bond yields weighed on stocks throughout the week, as economic data pointed toward a potential need for further rate hikes. China's flailing economic recovery and warnings of potential bank downgrades added to the market's woes.
Advisors who take the time to understand the balancing act many Gen X women investors face can create comprehensive plans that account for their goals and priorities, and help close the gender wealth gap.
Although there's been somewhat of a seesaw pattern, the rise in the UST 10-Year yield really began back in early April.