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Growth Team Weekly Investment Insights
After a few weeks off due to vacation and working through the quarter-end rush, we are back.
1 - Deflation
Starting at a higher level, there has been a lot of data released over the past few weeks that point to a macro environment of slowing inflation and a slowing (albeit still strong) economy.
Growth Team Weekly Investment Insights
1. Unchanged Inflation
The latest consumer price index (CPI) data released for May indicated prices were unchanged versus April!
Growth Team Weekly Investment Insights
1) Conflicting Labor Market Results
Last week, we received two labor market data points that were largely contradictory.
Growth Team Weekly Investment Insights
1) Data Shows US Economy Avoids Inflationary Overheating, Fed Likely to Breathe Easier
As we bid farewell to May, the key reaction was a collective exhale of relief
Growth Team Weekly Investment Insights
1) The S&P 500® Index’s Strong Earnings Season
According to FactSet, the S&P 500® Index’s Q1 blended (actual and estimated results) year-over-year earnings growth rate is 5.3% with 92% of index constituents reporting results.
Growth Team Weekly Investment Insights
1) Job Openings and Labor Turnover Survey (JOLTS) and Institute of Supply Management’s (ISM) Index
Last week’s macro calendar was labor-heavy. First up was the JOLTS report, which displayed continued easing in the number of job openings.
Growth Team Weekly Investment Insights
1) Another Disappointing Inflation Data Point
Expectations of a 2024 rate cut were further hampered last week when both the personal consumption expenditures (PCE) and core PCE inflation measures came in higher than expected.
Growth Team Weekly Investment Insights
1) Conflicting Messaging: Strong Retail Sales vs Rising Delinquencies
Given its importance in the US economy, a lot of attention is on the consumer.
Growth Team Weekly Investment Insights
In this week’s blog post, we highlight some of our takeaways from the first quarter’s market returns.
Growth Team Weekly Investment Insights
1) Credit Card Data Suggests Consumer Weakness?
Like most things in this industry, looking at credit card data sends a nuanced message about the health of the consumer.