Market Minutes Recap - Market Update (Perspectives on the stock market, Fed Chair Powell's testimony, and the 30-Year Treasury Auction)

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 stock market, Fed Chair Powell’s testimony, and the 30-Year Treasury Auction. 

Speakers:

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

 

02:33 – While stock market values are depreciating, an interesting “tale of two markets” is afoot as the ‘Magnificent 7’ stocks continue to outperform expectations. 

06:40 – Remarks anticipating the upcoming NVIDIA earnings report. As the software company has been reporting successful figures, whether the stock increases or decreases, it is expected to put a jolt in the market.

09:44 – Remarks on Fed Chair Powell’s testimony this past week: While nothing significant was stated differently from the Fed meeting on November 1st, we can expect that if inflation does not slow down soon, the Fed may consider one more rate increase. 

11:38 – Comments on the 30-Year Treasury Auction and how the overall outcome was a shock to dealers.

15:25 – Final comments advising listeners to consider their portfolio positioning and dollar-cost-averaging into bonds while attempting to stay vigilant regarding duration risks.

Additional Resources:
Key Questions: Election Day is One Year Away. What Should Investors Know? | Key Private Bank
Key Questions | Key Private Bank
Key Private Bank Investment Brief | Key Private Bank
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