It was another good week for the economy, while there wasn’t a lot of news on the market front. Let’s take a closer look.
News
Looking Back at the Markets in November and Ahead to December 2023
Markets improved last month across the board as interest rates pulled back on signs of slowing growth. U.S. markets were up by high-single to low-double digits, while international markets were also up by high-single digits. Even fixed income posted gains of around 5 percent. For the first time in a while, everything went up.
Market Thoughts for December 2023 [Video]
Markets roared back in November, as interest rates dropped to September levels. U.S. indices were up from 8 percent to 11 percent, with the Nasdaq performing best. Fixed income showed surprising gains, and international markets rose sharply.
Economic Release Snapshot: Personal Income and Spending Growth Slows
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? All About Interest Rates (Again)
Will December’s S&P 500 Return Matter for 2024?
In my October blog post, I concluded by stating that in an intermediate time frame, things looked shaky for markets. Still, I firmly believed that the S&P 500 was undergoing a correction and that the uptrend would resume in due course. Indeed, since October 31, the S&P 500 is up more than 8 percent and the Nasdaq is up more than 10 percent.
Olivia has joined Riverstone Wealth Partners providing knowledge gained from her 15 plus years in management. Olivia has provided services within the financial industry, mortgage industry, and in the non-profit sector. Olivia thrives on providing stellar customer service, accomplishing all goals set before her, and doing the right thing. Olivia’s degree in Business Management allowed her to take on roles that ultimately led her to Riverstone Wealth Partners. Olivia is currently pursuing another degree with an emphasizes in Human Resources, which she has learned over time… is her passion!
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.
Alec joined Riverstone after starting out his post college career on the operations side of an international logistics company working as an account executive. Graduating with a BA in Economics from the University of Illinois at Urbana-Champaign, he quickly developed a strong interest in the financial world. A lifetime resident of the Chicagoland area, Alec is an avid fan of his hometown sports teams. He is also an enthusiast of outdoor activities like fishing, camping, and hiking whenever possible.
Director of Operations
Registered Relationship Assistant
Wealth Advisor Assistant
Wealth Advisor
Wealth Advisor
Wealth Advisor
Wealth Advisor / Registered Principal
Wealth Advisor / Registered Principal