Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.
Commonwealth
What Mattered This Week? Inflation, UAW Strike, and Consumers
I thought this was going to be an easy week. Clearly, we would be talking about inflation, right? And we will, but we also should discuss the UAW strike and consumer confidence. So, let’s get right to it.
Monthly Market Risk Update: September 2023 [SlideShare]
My colleague Sam Millette, director, fixed income on Commonwealth’s Investment Management and Research team, helped me put together this month’s Market Risk Update. Thanks for the assist, Sam! Let’s take a closer look.
Economic Release Snapshot: Service Sector Confidence Improves in August
Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.
What Mattered This Week? Economic News on the Upswing
What mattered this week? Well, on top of it being a short week, there simply wasn’t much happening. The one piece of economic data that mattered, the ISM Services survey, surprised to the upside. This result indicated that service businesses, on the whole, are not only still in expansion mode but are even feeling better. That is good news from an economic perspective and, on top of the last jobs report, signals that the economy continues to grow.
Looking Back at the Markets in August and Ahead to September 2023
August saw modest market pullbacks across the board, as investors were nervous about risk. The U.S. indices were down by low single digits, with the Nasdaq doing the worst. International markets also pulled back—developed markets were down slightly more than U.S. markets, and emerging markets performed worst of all. Even fixed income declined, as higher interest rates drove the U.S. Aggregate Bond Index down slightly. Financial markets spent the month in a risk-off mode, hurting riskier investments like tech stocks and emerging markets at the expense of more boring ones.
Client Relationship Specialist
Ashley has been working in the customer service field since she started her first job at age 16. For the past ten years she worked in an office setting handling accounts payable and receivable as well as some receptionist work. She is very excited to learn more about the investment field.
Client Relationship Specialist II
Vice President of Operations and Integrator
Wealth Advisor
Senior Client Relationship Specialist
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Wealth Advisor | Director of Business Development
Wealth Advisor
Senior Wealth Advisor / Registered Principal
Senior Wealth Advisor / Registered Principal