Inflation messages will be everywhere this week, even though the actual numbers for the first quarter are behind us. The Employment Cost Index (ECI) is a variable that the Federal Reserve and others have traditionally watched closely; the ECI for the final quarter of 2023 had been unusually soft, one of the factors supporting hopes for a rapid inflation deceleration. Sustained equity bear markets typically coincide with contracting corporate profits. During the period Q4 2022- Q1 2023, the S&P experienced an “earnings recession” with two consecutive quarters of negative year-over-year earnings growth. On the wealth planning front, we discuss the rapidly rising costs of homeownership.
Click Here to Read the April 29, 2024, Economic Commentary
Click Here to Read the April 29, 2024, Investment Commentary
Click Here to Read the April 29, 2024, Wealth Planning Commentary
