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Market Commentary: Another October Low Forming?

Carson Wealth

Retail and food service sales have increased at an 8.6% The September retail and food services sales data underlined the economy’s momentum. Overall retail sales and food services rose at an annualized pace of 8.6% After adjusting for inflation, retail and food service sales were up 5.7%.

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Market Commentary: Bulls Smile at January and February Market Gains

Carson Wealth

The numbers suggest the slight near-term lift in inflation is a bump, not a new surge higher. Core PCE inflation, which strips out volatile food and energy components, has run at a 2.5% The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financial services.

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Market Commentary: The Bulls Are Still in Charge

Carson Wealth

The Path to Lower Inflation Is Now Clear The June CPI report was a positive surprise, both in terms of the headline numbers as well as the underlying details. The good news is that food inflation is also easing a lot, rising at an annual pace of just 1.3% That comes out to a very impressive 12.2% average, not bad, not bad. annual pace.

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Market Commentary: More Seasonal Choppiness

Carson Wealth

Headline inflation was up at an annualized pace of 4% over the past three months, but core inflation, which excludes food and energy, is running at 2.4%. Housing makes up 40% of core inflation, and the August numbers showed the official data is catching up to private rental data, albeit slowly. That slowed to a 5.5-7%

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Market Commentary: This Is What Normal Looks Like

Carson Wealth

These numbers can be volatile, as we were reminded by the downward revisions to prior data. It measures the number of employed workers as a percentage of the civilian population. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financial services.

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Market Commentary: Good News Is Good News

Carson Wealth

Core inflation, excluding food and energy, is now running below the Fed’s target. We will discuss the economic data in more detail below, but broadly, the data shows improvements in manufacturing, housing, services, and inflation as well as healthy employment and a strong consumer. We expect rate cuts in 2024, perhaps starting in May.

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Market Commentary: The Rally Continued

Carson Wealth

Also, the number of NYSE stocks on the rise surged, which is exactly what was needed for the next phase of this bull market to continue. The Federal Reserve prefers to look at inflation stripped of food and energy, since these are volatile. Core inflation rose just 0.2% in October, translating to a 2.8% annualized pace.