Market Recap In the first three months of 2024, the U.S. economy remained resilient despite short-term interest rates sitting near 20-year highs. Noteworthy in the quarter was the continuing robustness in the labor market, stronger-than-anticipated corporate earnings, and a convergence of market participants’ aggressive forecast of rate cuts with the Fed’s own projections. These factors […]
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By M. Ray Perryman, PhD, CEO and President – The Perryman Group Overview The Perryman Group Outlook for the US Economy – 1st Quarter 2024 By M. Ray Perryman, PhD, CEO and President The Perryman Group Employment The US economy continues to defy the expectations of many, gaining jobs at a surprising pace given the […]
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Market Recap What a difference a year makes. In 2022, high inflation and the Fed’s commitment to tame it, led to sharply rising interest rates and negative returns for both stocks and bonds. In 2023, much to the surprise of many forecasters, global stock and bond markets ignored widespread expectations that we were headed for […]
Read MoreBy M. Ray Perryman, PhD, CEO and President – The Perryman Group Overview Outlook for the US Economy – 4th Quarter 2023 By M. Ray Perryman, PhD, CEO and President The Perryman Group Employment The United States economy added almost 2.9 million net new jobs during the twelve-month period ending December 2023 for an annual employment […]
Read MoreBy M. Ray Perryman, PhD, CEO and President – The Perryman Group Overview Outlook for the US Economy – 3rd Quarter 2023 By M. Ray Perryman, PhD, CEO and President The Perryman Group Inflation/Interest Rates The Federal Reserve has been taking action to slow inflation, including raising interest rates at a historically rapid pace. Even though […]
Read MoreMarket Recap The U.S. stock market reached a 2023 high at the end of July before selling off 7.5% through August and September to finish the quarter down 3.3%. Year-to-date the market still remains up a solid 13%. Smaller-cap stocks also had momentum early in the quarter but changed course and ended the quarter down […]
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