📊 Weekly Market Recap
- S&P 500 return Year-to-date were approximately 15.03%
- S&P 500 3 month return were approximately 4.64%
- S&P 500 return over the past month were approximately -1.81%
- S&P 500 return over the past 7 days were approximately 2.54%
This Week in the Markets- 3 Things to know
- Rate Cuts Emerge as Key Market Driver– The latest evidence of persistently cooling inflation has decisively shifted market expectations, now making a Federal Reserve policy pivot and subsequent rate cut the dominant theme influencing financial asset allocation. According to recent market analysis, the probability of the Fed initiating a rate cut at the December FOMC meeting has surged to a higher level, reflecting strong conviction that the central bank will reduce the federal funds rate.
- CPI Versus The Holiday Season– The recent Consumer Price Index data, showing a small 0.3% monthly rise in September and a 3.0% year-over-year rate, offers a constructive point for consumer confidence before the holiday season. This meaningful deceleration in headline inflation, alongside the drop in Core CPI from 6% to 3%, should theoretically alleviate financial anxiety weighing on household sentiment. How much this comes down will dictate how the average shopper feels during the holiday season (when most retailers make a lot of their money for the year).
- The AI Ecosystem War– The rivalry for AI supremacy between NVIDIA and Google has intensified, shifting from a simple hardware-software battle to a total ecosystem war. Â T The competition is now focused on which company can offer the most compelling combination of chips and software. Ultimately, while NVIDIA’s hardware is the current foundation of the AI boom, Google’s progress with its homegrown chips presents the most serious long-term threat to the reigning champion.
S&P 500 SECTOR SNAPSHOT- Past Week
