Market Minutes Recap - Market Update (Perspectives on Employment Situation, unemployment claims, CPI inflation, potential Fed rate cuts, and second quarter earnings)

Key Wealth Matters

In this week's Market Minutes recap, hear from our team of investment experts as they share their perspectives on the latest market and economic activity. Our panel shares detailed insights into the Employment Situation, unemployment claims, CPI inflation, potential Fed rate cuts, and second quarter earnings.

Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities

01:29 – The Employment Situation for the month of June reported new nonfarm payrolls rose by 206,000

02:15 – For the week ending July 6, initial unemployment claims were reported at 222,000

03:05 – The Consumer Price Index (CPI) showed a decline in overall year-over-year inflation from 3.3% in May to 3.0% in June

06:16 – Based on the CPI report, as well as the Employment Situation Summary, there is a high probability there will be a September rate cut; and possibly a second one in December

10:29 – While the stock market has had a tremendous year, so far -- due to Artificial Intelligence corporations driving the markets -- we can expect a similar pattern heading into the second half, although we also expect volatility

14:31 – Final comments about continuing to stay diversified and investing in quality portfolios

Additional Resources

Key Questions: Should Investors Dump their Stocks After a Disappointing Debate? | Key Private Bank

Key Questions | Key Private Bank
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