Cornerstone Financial Advisory

OCTOBER 2, 2023

Mixed Economic Signals Amid recent signs of a labor market cooling (a hopeful sign for ending rate hikes), last Thursday’s initial jobless claims report showed only a slight increase of 204,000. However, beneath the headline number, consumer spending was cut to a 0.8 In 2023, the standard mileage rate is 65.5 cents per mile.

Marketing 93

Marketing Marketing Taxes Economics 93

The Big Picture

APRIL 27, 2023

Crosscurrents of these types are not uncommon in a world that is rife with shades of grey… ) GDP for the first quarter of 2023 was 1.1% – lower than Wall Street’s 2.0% Of the 50 states in the Philadelphia Fed’s State Coincident Indexes for March 2023, only one — Alaska — is negative.

Economy 292

Economy Economics Banking Numbers 292

Cornerstone Financial Advisory

NOVEMBER 6, 2023

5 This Week: Key Economic Data Thursday: Jobless Claims. Source: Econoday, November 3, 2023 The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. CNBC, November 2, 2023.

Marketing 101

Marketing Marketing Taxes Economics 101

Cornerstone Financial Advisory

DECEMBER 18, 2023

A solid retail sales number, which reflected a strong consumer and supported the soft landing thesis, also boosted enthusiasm. 6 This Week: Key Economic Data Tuesday: Housing Starts. Index of Leading Economic Indicators. Source: Econoday, December 15, 2023 The Econoday economic calendar lists upcoming U.S.

Marketing 96

Marketing Marketing Taxes Economics 96

Cornerstone Financial Advisory

AUGUST 7, 2023

6 This Week: Key Economic Data Thursday: Consumer Price Index (CPI). Consumer Sentiment Source: Econoday, August 4, 2023 The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials.

Marketing 92

Marketing Marketing Medicine Taxes 92

Calculated Risk

JANUARY 11, 2023

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. What will the participation rate be in December 2023? We know population growth has been weak over the last several years, and that the baby boom generation is now retiring in large numbers. by 2031 due to demographics.

Economics 107

Economics Sales Retirement Numbers 107

Cornerstone Financial Advisory

SEPTEMBER 5, 2023

Weekly Market Insights: September Stocks Open In Positive Territory Presented by Cornerstone Financial Advisory, LLC Falling bond yields–spurred by weak economic data–helped lift stocks to weekly gains. A downward revision of Q2 economic growth and fresh signs of a cooling labor market reversed the recent rise in bond yield.

Marketing 87

Marketing Marketing Economics Taxes 87

Nationwide Financial

JANUARY 30, 2023

2) February 1: Slight decline for job openings but the labor market remains tight In November, the JOLTS report showed little change in the large number of job openings, with a decline of just 54,000 to 10.458 million. What we’re watching this week: (pg. The job openings-to-unemployed ratio, a key metric of labor tightness, increased to 1.74

Economics 52

Economics Manufacturing Numbers Education 52

Abnormal Returns

JANUARY 31, 2024

theverge.com) Ozempic accounted for 41% of Novo Nordisk’s ($NVO) total sales in 2023. wapo.st) Why is Apple ($AAPL) publicly touting its Apple Card spending numbers? econbrowser.com) Economic vibes are improving. (vox.com) Elon Musk and Tesla ($TSLA) have a pay problem as a Delaware judge strikes down an earlier agreement.

Financial Advising 217

Financial Advising Media Economy Economics 217

Integrity Financial Planning

JANUARY 9, 2023

The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. Americans and the world at large dealt with the economic ramifications of the Russia-Ukraine war, post-pandemic industrial effects, and rising inflation and interest rates. 1] However, in 2022, this number spiked to 9.1% 1] [link].

Accounting 97

Accounting Retirement Economics Financial Planning 97

Abnormal Returns

DECEMBER 24, 2023

(mathinvestor.org) Everything forecasters got wrong in 2023. nytimes.com) Strategy The stock market was up big in 2023, but it wasn't easy. time.com) Books The 16 best books of 2023 including "Fire Weather: A True Story from a Hotter World" by John Vaillant. propublica.org) The case for more U.S. immigration.

Financial Advising 204

Financial Advising Media Taxes Economy 204

Cornerstone Financial Advisory

NOVEMBER 20, 2023

1,2,3 Stocks March Higher A better-than-anticipated consumer inflation number on Tuesday sent bond yields sharply lower, igniting a powerful, exceptionally broad-based rally that saw 91% of all New York Stock Exchange volume advancing in price and a similarly substantial advance (85%) on the NASDAQ. CNBC, November 14, 2023.

Marketing 94

Marketing Marketing Taxes Economics 94

Cornerstone Financial Advisory

NOVEMBER 27, 2023

They further said that future rate decisions will be based on fresh economic data, offering no indication that a rate cut was forthcoming, as many analysts are increasingly anticipating for 2024. This Week: Key Economic Data Monday: New Home Sales. Source: Econoday, November 24, 2023 The Econoday economic calendar lists upcoming U.S.

Marketing 84

Marketing Marketing Taxes Economics 84

Abnormal Returns

NOVEMBER 5, 2023

theringer.com) Barry Ritholtz talks with Zeke Faux author of "Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall." wsj.com) Five insights from "Economics in America: An Immigrant Economist Explores the Land of Inequality" by Angust Deaton. currentaffairs.org) Economy The Sahm rule did not trigger in October 2023.

Assets 210

Assets Financial Advising Healthcare Economy 210

Calculated Risk

JANUARY 8, 2023

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. A majority of FOMC participants expect three or even four 25 bp rate hikes in 2023. What will the Fed Funds rate be in December 2023? We continue to expect no rate cuts in 2023." However, employment changes still lag policy.

Economy 93

Economy Economics Numbers Sales 93

The Big Picture

JULY 26, 2023

It is one of those round numbers that people just kinda made up and started with for no apparent reason. But the 2% inflation target is LITERALLY a random number 2 that originated in New Zealand in the 1980s. If there was something magical about 2% as the ideal balance between prices and jobs, that would be one thing.

Economy 246

Economy Economics Numbers Banking 246

Calculated Risk

JANUARY 12, 2023

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. How much will job growth slow in 2023? range in Q4 2023. Job losses in construction haven't started yet because a record number of housing units are under construction. How about housing starts and new home sales in 2023?

Economy 88

Economy Economics Sales Numbers 88

The Big Picture

JULY 25, 2022

What I have instead are questions about what the rest of 2022 looks like, and how deep into 2023 any damage persists. Will the economic slowdown continue into 2023? Will the economic slowdown continue into 2023? It’s hard to extrapolate much worse than a modest economic contraction from where we are today.

Economy 343

Economy Economics Engineering Food 343

Cornerstone Financial Advisory

AUGUST 28, 2023

Stocks resumed their rally on weak economic data, which fueled hopes for future Fed dovishness. Powell Stands Firm Powell spoke on Friday at the Fed’s annual economic symposium in Jackson Hole, asserting that, despite considerable progress, inflation remained too high and additional rate hikes may be in the offing. Jobless Claims.

Marketing 52

Marketing Marketing Economics Taxes 52

Cornerstone Financial Advisory

JUNE 19, 2023

Weekly Market Insights: Stocks Climb After Fed Pause Presented by Cornerstone Financial Advisory, LLC Stocks climbed last week as reassuring inflation data boosted investor hopes that the rate-hike cycle was nearing an end amid fresh economic data pointing to continued economic resilience. Index of Leading Economic Indicators.

Marketing 59

Marketing Marketing Economics Taxes 59

Cornerstone Financial Advisory

APRIL 10, 2023

Stocks ended a shortened week of trading mixed amid revived recession fears on Wall Street triggered by weak economic data. Stocks trended lower again after a lower-than-expected open-jobs number and a slowdown in private-sector hiring. 6 This Week: Key Economic Data Wednesday: Consumer Price Index (CPI). FOMC Minutes.

Marketing 59

Marketing Marketing Taxes Economics 59

Nationwide Financial

APRIL 13, 2023

Despite the first quarter’s strong performance, rising rates, among other factors, weighed on economic growth. These latest numbers will likely pressure the Fed to raise rates again at its May meeting to combat still-high inflation.

Marketing 59

Marketing Marketing Economics Banking 59

Carson Wealth

JANUARY 2, 2024

Some are perhaps unorthodox, but they tell us a lot about 2023 while setting the scene for 2024. Carson’s team provides its top charts that tell the story of 2023, including the four-year presidential cycle, high-tech manufacturing, bond yields, equity style performance, and a certain chipmaker that received a lot of attention.

Marketing 89

Marketing Marketing Economy Manufacturing 89

Nerd's Eye View

APRIL 1, 2024

Advyzon and Panoramix competing against Orion)… with the question of whether they, too, will someday raise their prices as they gain traction as well? Advyzon and Panoramix competing against Orion)… with the question of whether they, too, will someday raise their prices as they gain traction as well?

Estate Planning 168

Estate Planning Financial Advisor Startup Clients 168

Cornerstone Financial Advisory

JANUARY 30, 2023

Presented by Cornerstone Financial Advisory, LLC Stocks added to their early 2023 gains amid a busy stream of mixed corporate earnings results and conflicting economic data. There was enough new economic data to support both the “recession is coming” and the “soft landing” camps. GDP Report The U.S. economy expanded at a 2.9%

Marketing 59

Marketing Marketing Economics Taxes 59

Cornerstone Financial Advisory

JULY 3, 2023

Weekly Market Insights: Economy Continues Upward Trend Presented by Cornerstone Financial Advisory, LLC Stocks posted gains for the week to close out a stellar month, aided by positive economic data and reports that all major banks had passed the Federal Reserve’s annual stress test. Institute for Supply Management (ISM) Manufacturing Index.

Marketing 59

Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

MAY 30, 2023

This Week: Key Economic Data Tuesday: Consumer Confidence. Source: Econoday, May 26, 2023 The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. IRS.gov, April 24, 2023 5.

Marketing 59

Marketing Marketing Taxes Economics 59

Mish Talk

DECEMBER 8, 2022

Chart Notes Data reflects end of month numbers. The rest of the numbers are via a St. With these numbers in hand, we can calculate the free money the Fed gives to banks. The current annual rate calculation is $206 billion and rising, not counting expected hikes in December and in 2023. Louis Fed, chart by Mish.

Banking 300

Banking Numbers Economics 300

The Big Picture

JANUARY 23, 2023

I wanted to drop a quick note about the endless spate of layoff announcements — and why you should (mostly) ignore them. The present era of interest rate normalization is not remotely comparable to those eras. At least, not yet.

Economics 317

Economics Numbers Planning Investing 317

Nationwide Financial

FEBRUARY 6, 2023

1) Job growth much stronger than expected January’s blowout jobs number bucked the moderate downward trend in job growth from the second half of 2022. Significant uncertainty still looms regarding a moderate recession in 2023, and sentiment and expectations should remain volatile. Key Takeaways: What we learned last week: (pg.

Economics 52

Economics Manufacturing Numbers Marketing 52

Cornerstone Financial Advisory

MAY 1, 2023

Stocks Rally As Attention Shifts To Fed’s May Meeting Presented by Cornerstone Financial Advisory, LLC Strong earnings from several mega-cap technology companies offset renewed regional banking jitters and weak economic data, leaving stocks higher for the week. The Wall Street Journal, April 28, 2023 2. CNBC, April 27, 2023 5.

Marketing 59

Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

FEBRUARY 20, 2023

Mixed Results As Interest Rate Concerns Grow Presented by Cornerstone Financial Advisory, LLC Growing concerns about further interest rate hikes, prompted by fresh economic data, reversed early-week gains and left stocks mixed for the week. Year-over year, producer prices rose 6.0%, a slight improvement from December’s number.

Marketing 59

Marketing Marketing Taxes Distribution 59

Cornerstone Financial Advisory

APRIL 17, 2023

A weak retail sales number on Friday shaved the gains to close out the week. 5 This Week: Key Economic Data Tuesday: Housing Starts. Index of Leading Economic Indicators. Source: Econoday, April 14, 2023 The Econoday economic calendar lists upcoming U.S. The Wall Street Journal, April 14, 2023 2.

Marketing 59

Marketing Marketing Medical Economics 59

Calculated Risk

OCTOBER 6, 2023

The headline jobs number in the September employment report was well above expectations, and employment for the previous two months was revised up by 119,000, combined. Part Time for Economic Reasons From the BLS report : " The number of persons employed part time for economic reasons, at 4.1 million jobs. million from 4.22

Numbers 116

Numbers Economics Manufacturing 116

Abnormal Returns

FEBRUARY 26, 2023

institutionalinvestor.com) Amazon Amazon ($AMZN) is increasing the number of same-day shipping options. theatlantic.com) Economy Menzie Chinn, "Strong labor market, spending and income numbers all suggest no recession in place yet." econbrowser.com) The economic schedule for the coming week.

Ethics 196

Ethics License Financial Advising Startup 196

Cornerstone Financial Advisory

MAY 22, 2023

The prospect of an agreement helped to lift a cloud of uncertainty that had weighed on markets in recent weeks and sparked sufficient optimism to shake off comments by the Dallas Fed President, who indicated that economic data may not support a pause in rate hikes yet. The Wall Street Journal, May 19, 2023 2. IRS.gov, April 4, 2023 8.

Marketing 59

Marketing Marketing Taxes Economics 59

Calculated Risk

JANUARY 5, 2024

The headline jobs number in the December employment report was above expectations, however employment for the previous two months was revised down by 71,000, combined. Part Time for Economic Reasons From the BLS report : " The number of persons employed part time for economic reasons, at 4.2 YoY in December.

Retail 112

Retail Numbers Economics Manufacturing 112