The dominant economic news last week was around the topic of inflation. Retail Sales came in hotter than expected on Tuesday. On Wednesday, Housing Starts came in just slightly below expectations while Building Permits exceeded expectations. This was echoed on Thursday with Existing Home Sales which came in slightly above estimates.
Juneteenth’s shortened trading week saw all five major markets close higher, with the Dow Jones Industrial Average leading the way with a nearly 1.5% gain.
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Beyond being your trusted one-stop shop for comprehensive financial services, we are deeply committed to creating a positive impact on communities – both in our own backyards and throughout the world. Our mission of “Empowering All to Flourish” extends far beyond the realm of finance, as we embrace a vision of shared success and well-being … Continued
As winter gives way to spring, many physicians are finding themselves in the familiar position of preparing their tax returns in advance of the April filing deadline. Compounding the stress is the complex tax code. Doctors tend to be among the busiest of professionals, making it a challenge to keep up with all the rules … Continued
This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.
Last week saw mixed market results: the Nasdaq rose 1.4%, the Dow Jones fell 2.3%, and the S&P 500 stayed flat. The Nasdaq and S&P 500 hit new highs.
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