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Advisors on This Week’s Show
- Michael Hoelzl
- Art Rothschild
- Kyle Tetting
- With Max Hoelzl
- Engineered by Jason Scuglik
Market Closings for the Week
- Nasdaq – 25889, up 179 points or 0.7%
- S&P 500 – 7431, up 48 points or 0.6%
- Dow Jones Industrial Average – 51202, up 336 points or 0.7%
- 10-year U.S. Treasury Note – 4.48%, down 0.06 point
With an abundance of economic data this week we have a lot to cover. Here’s some of the key topics and insights:
- SpaceX IPO dominates headlines
- Inflation concerns continue to pressure rate-cut expectations
- Rising energy prices remain the biggest inflation driver and are beginning to push food prices higher again.
- Consumer sentiment highlights strain on lower-income households
- University of Michigan survey data show lower-income consumers have been hit hardest by higher gasoline prices.
- Geographic concerns should not automatically disqualify investment opportunities. European indexes are less concentrated in technology and communication stocks, offering diversification benefits.