Market Minutes Recap - Market Update (Perspectives on retail sales, industrial production, consumer spending, the Fed, and the equities market)

Key Wealth Matters

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 retail sales, industrial production, consumer spending, the Fed, and the equities market.

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

01:38 – The overall Advance Retail Sales report showed a slight increase of 0.1% for the month of May

02:19 – After flat/negative reports for industrial production in March and April, this week’s report showed industrial production increased to 0.9% for the month of May

03:17 – Comments on areas of the economy – such as real estate, retail sales, and overall consumer spending – that have a dependent relationship to interest rates, are seeing a slowdown

06:06 – While the market is actively reviewing data to support anticipated rate cuts starting in September, the Fed is trying to reel in market expectations as they are still trying to reach the 2% inflation target

11:59 – We have seen continued growth within the U.S. stock market as the S&P 500 is up 15% year-to-date and is showing a Sharpe ratio of near 2.0. Along with this, tech companies – like NVIDIA, Apple, etc. – are driving stocks to all-time-highs

Additional Resources

Key Questions: Key Questions: What Makes a Good Investment Fund Manager | Key Private Bank

Key Questions | Key Private Bank
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