John Hancock: Weekly Market Recap Week Ended September 2nd
Jobs consistency The U.S. labor market didn’t generate new jobs in August at the same rapid clip that it did in July, but the latest month’s gain of 315,000 was slightly above most economists’ expectations. The unemployment rate rose to 3.7% from 3.5%, but that increase stemmed in part from a rise in Americans […]
Schwab: Stocks Fall As Fed Chair Talks Tough On Rates
Stocks dropped Friday after a relatively “hawkish” speech by Federal Reserve Chair Jerome Powell fueled fears that the Fed’s policies would lead to weaker economic growth, rising unemployment, and lower corporate profits. The S&P 500 closed down 3.4%, while the Treasury yield curve became even more inverted. Powell’s speech at the annual Kansas City […]
Capital Group: Rob Lovelace On All-Weather Investing
The world has changed. We are living through a pivotal time in history, marked by geopolitical realignment, high inflation, volatile financial markets and the end of a 40-year period of declining interest rates. The title of this new era could be Brave New World or Back to the Future. But I think the title […]