commentary
Monthly Market Update - November 2024
The stock market showed a touch of pre-election uncertainty in October, with the S&P 500 Index slipping -0.9%. Results were mixed with no clear leadership in terms of stock categories. In general, mega caps underperformed, with concerns over valuation and the prospect that returns on massive AI spending might take more time than anticipated. The general economic news was strong. Reports towards the end of the month showed inflation edging toward the Fed's target of 2% while the unemployment rate remained near historic lows.
Read MoreReinhart Week in Review by Madison Investments 11.01.2024
This week’s reports had minimal market impact, but next week’s GDP, inflation, and employment data could shape the Fed’s outlook. Meanwhile, Moody’s Ratings downgraded San Francisco’s credit rating due to the city’s weakened economy and depressed commercial real estate. Reinhart Fixed Income discusses these events in their Week in Review.
Read MoreFixed Income Market Update – Third Quarter 2024
The first quarter of 2024 ended with a reversal of mood from the final quarter of 2023. As December wound to a close, Treasury yields moved sharply lower in anticipation of a faster and more aggressive shift toward monetary policy easing.
Read MoreReinhart Week in Review by Madison Investments 10.25.2024
This week’s reports had minimal market impact, but next week’s GDP, inflation, and employment data could shape the Fed’s outlook. Meanwhile, Moody’s Ratings downgraded San Francisco’s credit rating due to the city’s weakened economy and depressed commercial real estate. Reinhart Fixed Income discusses these events in their Week in Review.
Read MoreReinhart Week in Review by Madison Investments 10.18.2024
September retail sales outpaced expectations, the People’s Bank of China detailed its measures to stabilize equity prices, and hospital municipal bond issuance is surging. Read what Reinhart Fixed Income thinks these events could mean for markets in their Week in Review
Read MoreReinhart Week in Review by Madison Investments 10.11.2024
As the Consumer Price Index rose higher than expected in September, the Fed remains cautious on the path of future rate changes. Meanwhile, all members of the Chicago Board of Education resigned amid a $300 million budget shortfall. The Reinhart Fixed Income team explores how these events could impact the markets in their Week in Review.
Read MoreQ3 2024 Market & Economic Review
Download our quarterly communication with market and economics charts, and commentary on events of the previous quarter.
Read MoreMonthly Market Update - October 2024
The stock market opened the month of September with a sharp reality check, falling for four consecutive days before quickly reversing course to reach new all-time highs. The largest catalyst was the Federal Reserve's 50 basis point cut on September 18. The S&P 500 Index was up 2.1% for the month, taking the third quarter return to 5.9% and the year-to-date to a buoyant 22.1%. Meanwhile, bond investors also fared well, with the Bloomberg U.S. Aggregate Bond Index up 1.3% in September.
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Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of, or guaranteed by, any financial institution. Investment returns and principal value will fluctuate.
This website is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.
Any performance data shown represents past performance. Past performance is no guarantee of future results.
Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of, or guaranteed by, any financial institution. Investment returns and principal value will fluctuate.
This website is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.