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Weekly Market Insights – February 26, 2024

Cornerstone Financial Advisory

To put that in perspective, Nvidia’s market cap is now roughly the same size as Canada’s economy. It should not be considered a solicitation for the purchase or sale of any company connected with AI. 3,4 This Week: Key Economic Data Monday: New Home Sales. WDAY), Zoom Video Communications, Inc. (ZM) A), eBay Inc.

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Weekly Market Insights – October 23, 2023

Cornerstone Financial Advisory

Economic Strength, Housing Weakness The economy continued to evidence surprising strength according to data released last week. Despite worries of a struggling consumer, consumers increased their spending as retail sales rose 0.7% Existing home sales were weak, falling 2.0% Wednesday: New Home Sales. month-over-month.

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Weekly Market Insights – March 11, 2024

Cornerstone Financial Advisory

The economy added 275,000 jobs in February—exceeding the 198,000 expected—but wage growth slowed, and jobless claims edged up. Some investors saw that as a negative, while others viewed it as a “Goldilocks” moment—an economy that’s not too hot or cold. Retail Sales. a Registered Investment Advisor.

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Weekly Market Insights – March 4, 2024

Cornerstone Financial Advisory

Consumers Remain Upbeat With all the excitement over AI, it’s easy to overlook some key economic indicators that also speak to the underlying strength of the economy—specifically, consumer data. Finally, the PCE report also reflected an ongoing consumer shift from goods to services—a sign the economy continues to normalize after the pandemic.

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Weekly Market Insights – February 5, 2024

Cornerstone Financial Advisory

Instead, investors interpreted it as confirmation of a robust economy. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. a Registered Investment Advisor.

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Weekly Market Insights – April 29, 2024

Cornerstone Financial Advisory

The rally came to pass despite fresh data showing a slowing economy and increasing inflationary pressures. The GDP report seemed to support the Goldilocks economy theory—not too hot, but not too cool—a story investors have favored this year. Thursday: Motor Vehicle Sales. a Registered Investment Advisor.

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Weekly Market Insights – May 22, 2023

Cornerstone Financial Advisory

1,2,3 Possible Debt Deal After stumbling on weak April retail sales and a combination of disappointing earnings and weak guidance from a major retailer, stocks moved higher mid-week as the news on the debt negotiations turned more positive. decline in April existing home sales. New Home Sales. An unexpected 2.2% Jobless Claims.