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Market Commentary: Another October Low Forming?

Carson Wealth

The economy has strong momentum, with growth accelerating since the first half of the year. Retail and food service sales have increased at an 8.6% Through June 2023, the economy grew 2.4% Since then, the economy has accelerated. The September retail and food services sales data underlined the economy’s momentum.

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Market Commentary: Bulls Smile at January and February Market Gains

Carson Wealth

The economy continues to appear in good shape. The numbers suggest the slight near-term lift in inflation is a bump, not a new surge higher. s consumer-driven economy. Core PCE inflation, which strips out volatile food and energy components, has run at a 2.5% Overall, the economy continues to be doing just fine.

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Market Commentary: Good News Is Good News

Carson Wealth

Strong economic growth and better data should be viewed positively, as it shows the economy isn’t falling into a recession. The economy ran above trend last year, despite high interest rates. The economy ran above trend last year, despite high interest rates. Economy: This Time Was Different, and That’s a Big Deal The U.S.

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Market Commentary: This Is What Normal Looks Like

Carson Wealth

That is more than the economy needs to keep up with population growth. That’s encouraging for consumption and the economy. The Labor Market Is Also Normalizing At the beginning of the year, we labeled our 2023 outlook “The Edge of Normal” as we expected markets and the economy to normalize in 2023.

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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. That is particularly meaningful because households have more income to spend elsewhere — keeping consumption and the economy humming. in October. a year ago to 3.7% as of September.

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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%