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Market Minutes Recap - Market Update (Perspectives on retail sales, unemployment claims, fixed income, the stock market, the UAW strike)
Manage episode 377073948 series 2815319
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In this week's Market Minutes recap, hear from our team of investment experts as they share their perspectives on the latest market and economic activity. Our panel shares detailed insights on inflation, retail sales, unemployment claims, fixed income, the stock market, and the UAW strike.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Cynthia Honcharenko, Senior Fixed Income Portfolio Manager
Connor Cloetingh, Senior Lead Equity Analyst
01:40 - This week's look at economic news into the CPI's Inflation report showing an increase from 3.2% in July to 3.7% in August; Though the overall CPI increased due to a rise in energy prices, the core CPI has decreased from 4.7% in July to 4.3% in August
04:07 - Though inflation is still increasing, the market is seeing evidence that the economy is stabilizing and anticipating a "perfect landing"
07:01 - Comments on interest rates and if the Fed will be successful in a soft landing
15:07 - Reactions to the strike by employees of the UAW; it's not expected that this will have a significant impact to automakers and their production, yet, this may be an implication for the economy in the near future
17:56 - Final comments on staying diversified, continuing to analyze and mitigate risks, and an emphasis on quality throughout portfolios
Additional Resources:
Key Questions: Where Do Things Stand as we Approach the End of the Year? | Key Private Bank
Key Questions | Key Private Bank
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