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Reinhart Week in Review by Madison Investments 10.04.2024

The labor market showed unexpected strength in September, while oil prices have recently spiked due to Middle East tensions, a brief port strike disrupted supply chains, and schools are now facing the end of pandemic aid. Learn more about the economic implications of these events in the Week in Review.

Inflation is edging closer to the Fed’s target, China has unveiled large stimulus packages, and state and local governments have refinanced $66 billion of debt so far this year. Discover what these trends could mean for the markets in this week’s Week in Review.

The Fed cut rates this week, and some view it as an aggressive start to rate normalization. The Reinhart Fixed Income Team explores the implications of this decision, along with August's retail sales data and the recent surge in airport issuance.

Fueled by rising interest costs and mandatory spending, the $1.9 trillion deficit in 2024 is projected to climb to $2.8 trillion per year by 2034. Our fixed income team discusses what these fiscal challenges could mean for the economy and markets.

Both the Consumer Price Index and Producer Price Index rose 0.2% in August, and the European Central Bank made rate cuts. What do these shifts mean for the markets? Find out in the Reinhart Fixed Income Team Week in Review.

August saw job growth slightly underperform expectations along with a dip in the unemployment rate, while municipal bonds surged by 34% compared to last year. Read the market impact and insights from the Reinhart Fixed Income team in their Week in Review.

Americans with a stake in the stock market were once again rewarded in August, with the S&P 500 Index rising 2.4% for a year-to-date return of 19.5%. Bond investors were also pleased as medium and long-term interest rates dropped. Unlike much of the trailing year, stock returns were broad, outperforming results for the market-leading “Magnificent 7” stocks. These returns contributed to a boost in consumer confidence in August. Additionally, Fed Chairman Powell basically announced a pivot to lower rates beginning in September.

Chicago is facing a budget deficit of nearly $1 billion in 2025. Meanwhile, U.S. consumer spending is outpacing savings, inflation is moderating, and GDP has been revised higher. This week's Reinhart Week in Review discusses how these developments could impact markets.

“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”). MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority. The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison’s toll-free number is 800-767-0300.

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.

commentary

Reinhart Week in Review by Madison Investments 10.04.2024

Reinhart Week in Review by Madison Investments 9.27.2024

Inflation is edging closer to the Fed’s target, China has unveiled large stimulus packages, and state and local governments have refinanced $66 billion of debt so far this year. Discover what these trends could mean for the markets in this week’s Week in Review.

Reinhart Week in Review by Madison Investments 9.20.2024

The Fed cut rates this week, and some view it as an aggressive start to rate normalization. The Reinhart Fixed Income Team explores the implications of this decision, along with August's retail sales data and the recent surge in airport issuance.

The U.S. Debt Challenge: A Few Thoughts on Our National Debt and Deficits

Fueled by rising interest costs and mandatory spending, the $1.9 trillion deficit in 2024 is projected to climb to $2.8 trillion per year by 2034. Our fixed income team discusses what these fiscal challenges could mean for the economy and markets.

Reinhart Week in Review by Madison Investments 9.13.2024

Both the Consumer Price Index and Producer Price Index rose 0.2% in August, and the European Central Bank made rate cuts. What do these shifts mean for the markets? Find out in the Reinhart Fixed Income Team Week in Review.

Reinhart Week in Review by Madison Investments 9.06.2024

August saw job growth slightly underperform expectations along with a dip in the unemployment rate, while municipal bonds surged by 34% compared to last year. Read the market impact and insights from the Reinhart Fixed Income team in their Week in Review.

Monthly Market Update - September 2024

Reinhart Week in Review by Madison Investments 8.30.2024

Chicago is facing a budget deficit of nearly $1 billion in 2025. Meanwhile, U.S. consumer spending is outpacing savings, inflation is moderating, and GDP has been revised higher. This week's Reinhart Week in Review discusses how these developments could impact markets.

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