Posts by Team SPG
Market Update – January 12th, 2024
This week, the SEC approved 11 spot Bitcoin ETFs, following months of anticipation and a hack on the SEC’s social media, X, account. December’s CPI surprised economists to the upside with a 3.4% annual Headline CPI and a 3.9% annualized Core CPI. December’s Producer Price Index showed a slight decrease, influenced by lower food and energy costs. November’s consumer credit data revealed a +5.7% increase, driven by a rise in revolving credit.
Read MoreThe Comprehensive Guide to Creating a Retirement Plan
As you approach the end of your working years, creating a comprehensive retirement plan becomes increasingly critical. One of the biggest challenges of retirement is the ability to actually STAY retired. In this guide, we outline a plan that can serve as a financial roadmap, guiding you through your golden years with financial stability and peace of mind.
Read More2023 Year End Market Update – January 10th, 2024
The fourth quarter of 2023 brought excellent results for both stocks and bonds, contributing to an overall positive year for financial markets and the economy, surpassing many economists and analysts’ expectations. Notably, inflation made significant strides toward the Federal Reserve’s 2% target, prompting indications that the Fed’s cycle of interest rate hikes has likely concluded.
Read MoreMarket Update – December 29th, 2023
As 2023 concludes, markets have outperformed expectations, with the Nasdaq Composite up +44.2%, S&P 500 +24.6%, Dow Jones +13.8%, and Barclays AGG +2.5% as of close on December 28th. Even though stocks have done well in 2023, many remain below their all-time highs still, requiring more bullish sentiment to propel above past highs.
Read MoreChallenging the Goliath: Why AMD and Intel could Outperform Nvidia in 2024’s Chip Market
as we step into 2024, I see AI ushering us into a new renaissance. This industry is on a promising trajectory, and I believe AMD and Intel are well-positioned to ride this wave.
Read MoreFinancial Expert David Stryzewski Sounds Alarm on Potential Economic Black Swan Event
David Stryzewski, financial expert and CEO of Sound Planning Group, has recently drawn attention to the possibility of a Black Swan event in the economic landscape. Stryzewski concerns stem from significant shifts in consumer behavior and increasing credit card debt.
Read MoreNavigating the Bear Market: A Forecast for 2024
One of the significant points of discussion is our prediction of unforeseen challenges that could emerge in 2024
Read MoreMarket Update – December 22nd, 2023
Amidst a holiday week, economic indicators presented a mixed outlook as stocks continued their rally. Existing and new home sales continue to show the impacts of higher mortgage rates, with sluggishness in both markets. December’s consumer confidence rose significantly in the month, however on the other hand, leading economic indicators for November declined, demonstrating a disconnect between current and forward-looking indicators
Read MoreMarket Update – December 15th, 2023
This week’s market saw a rally fueled by disinflation and a dovish Federal Reserve meeting, with the Dow Jones hitting an all-time high. The FOMC meeting indicated discussion of a timeline for rate cuts in 2024, projecting a lower-than-expected Fed Funds rate with three rate cuts estimated to occur throughout next year. CPI and PPI data came in as expected and demonstrated continued disinflation in November. November retail sales data also showed strength in spending from consumers, however general merchandise sales did fall for the third month in a row despite the increased holiday spending overal
Read MoreMarket Update – December 1st, 2023
Markets closed out November strong this week as equities rose alongside bonds. October PCE inflation data showed moderate inflation as expected, but consumer confidence remains low despite November’s slight increase in confidence as most consumers still believe in the possibility of a recession in the next year. Both new and existing home markets are weakening on higher rates, and the manufacturing industry continues to show some cracks. We look forward to continuing to monitor data as it rolls out.
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