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 the Purchasing Managers Index report, the JOLTS report, the Employment Situation, the yield curve, and our 2024 economic and market outlook.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities
01:36 – The Purchasing Managers Index report showed the Services sector of the economy has continued to expand throughout November, for the eleventh consecutive month.
02:06 – The JOLTS report revealed a drop in job openings from 9.4 million in September to 8.7 million in October.
06:01 – Reports, like JOLTS and the Employment report, indicate the jobs market is cooling, causing volatility in the yield curve amidst the backdrop of Fed policy.
09:45 – As the market believes economic growth will continue to increase, we suspect earnings will be pushed higher into next year.
12:19 – Final comments from the team on their 2024 economic and market outlook.
Additional Resources:
Books for Your 2023 Holiday Reading | Key Private Bank
Key Questions | Key Private Bank
Key Private Bank Investment Brief | Key Private Bank
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