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 labor market, industrial production, retail sales, the Consumer Price Index, corporate earnings, and the upcoming Key Wealth National Call.

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

01:31 – Initial unemployment claims for the week ending August 10th declined to 227,000, down 7,000 from the week prior

02:00 – U.S. industrial production declined 0.6% for July, as a preliminary read

02:32 – Retail sales reported above expectations at an increase of 1.0% month-over-month for July

03:07 – The inflation print for the Consumer Price Index (CPI) was reported at 2.9% year-over-year for July; excluding food and energy, the report came in at 3.2%

07:17 – Based on the favorable CPI report, the market is anticipating the Fed may not have to begin cutting rates in an aggressive manner and could begin cutting rates only by 25 basis points as soon as September

13:05 – While earnings haven’t had any recent record highs, expectations still continue to heighten; even though the economy is slowing, it is still growing

16:56 – Final comments highlighting the upcoming Key Wealth National Call Wednesday, September 4th at 1:00pm EST.

Additional Resources

Key Questions: "You're Killin' Me Smalls!" Will Small Caps Ever Outperform Again | Key Private Bank

Key Questions | Key Private Bank
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Market Minutes Recap - Market Update (Perspectives on the Economic Calendar and Recent Market Volatility)

In this week's Market Minutes recap, hear from our team of investment experts as they share their perspectives on recent market volatility and its implications for investors. Our panel shares predictions on earnings season and insights on the fragility of the market and the outsized reactions to events in recent years.

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

01:33 – Remarks on the economic calendar, Services PMI increase in July economic activity, and update on Initial Unemployment claims

02:40 – Comments on Monday's market volatility, rebound through the rest of the week, and what it means for investors for the near-future
13:20 – Predictions for Q2 earnings season and what investors should know about the sensitivity in the markets

17:43 – Recommendations of what investors should do about spikes in market volatility and what long-term investing principles apply

Additional Resources

Key Questions: "You're Killin' Me Smalls!" Will Small Caps Ever Outperform Again | Key Private Bank

Key Questions | Key Private Bank
Subscribe to our Key Wealth Insights newsletter

Economic & Market Research
Weekly Investment Brief
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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 JOLTS report, the Case-Shiller, the Employment Cost Index, the Employment Situation Summary, the recent FOMC meeting, and the VIX index.

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

01:16 – The job Openings and Labor Turnover Survey (JOLTS) reported the amount of job openings remained unchanged as 8.2 million for June

01:33 – The S&P CoreLogic Case-Shiller reported 5.9% annual of gains for May. This continues to support that home sale demand is high, however the inventory of homes is low

01:58 – The Employment Cost Index measured wages and salaries increased to 4.2% in June

02:36 – The Employment Situation Summary showed unemployment increased to 4.3% for July

03:35 – The Federal Open Market Committee (FOMC) met Wednesday and decided to leave rates unchanged at 5.25% – 5.5%. While the economic outlook is uncertain, Fed Chair Powell didn’t directly use language that hinted towards there may or may not be a rate cut in soon

06:48 – The Fed seems to have inflation close to their intended target of 2%, now it seems their focus will soon shift from inflation to prioritizing normalization within the labor market

09:25 – Comments on the Fed, and that the market anticipates two to three rates cuts by the end of the year due to the release of recent labor reports

14:03 – Comments on the stock market and highlighting the VIX index spiking to 24.5% signaling the economy getting back to a more normal volatility market

Additional Resources

Key Questions: "You're Killin' Me Smalls!" Will Small Caps Ever Outperform Again | Key Private Bank

Key Questions | Key Private Bank
Subscribe to our Key Wealth Insights newsletter

Economic & Market Research
Weekly Investment Brief
Follow us on LinkedIn