#WeeklyRecap: Markets Remain Unstable Amidst Encouraging and Concerning Economic Data

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Here are the key topics discussed in our latest market commentary  #Thread 🧵 #Fed #Recession #inflation

Mixed data created uncertainty for investors. Inflation may be moderating, but retail sales contraction raises concerns for a potential recession. The Fed may pause its rate hike cycle, which could positively impact the stock market. #Investing #Economy #MarketVolatility

📈 Major benchmarks defy recession concerns, posting weekly gains. DJI up 1.34%, SPX up 1.42%, NDX up 1.18%. #stockmarket #investing

📊Last week's sector performance saw financials and #energy leading the pack with better-than-expected earnings from major banks and OPEC+'s decision to cut production. However, #realEstate lagged due to concerns about a potential #recession and a further economic slowdown.

March #CPI rose only 0.1%, the slowest pace since May 2021, thanks to lower #oil and food prices. However, upward pressure on shelter costs eased, and used vehicle prices fell sharply. Elevated services prices remain, but the core producer price index declined 0.1% in March.

The labor market remains resilient with jobless claims still below March levels, but a decline in retail sales, including vehicle and building material sales.
The 1% drop in retail sales raised recession concerns.
Manufacturing output and capacity utilization also fell.

💰💵 Earnings season kicks off with a bang as major US banks report strong Q1 profits! JPMorgan $JPM +52%, Wells Fargo $WFC +18%, PNC Financial $PNC +19%, and Citigroup $C beat revenue estimates. #finance #stocks #earnings

#Europe's economy is showing signs of improvement, with higher bond yields and positive economic data. However, #China is facing inflation concerns and may implement further monetary easing to support its economy.

Takeaway: The labor market is strong, and the moderation of inflation may halt the Fed's rate-hiking cycle soon. Any recession in the near future is likely to be mild.
A balanced portfolio with quality investments is key and market volatility could be an opportunity to diversify.

Get ahead of the game and stay informed on the latest in company analysis and valuation. Subscribe to our newsletter and check out victoryinvest.co for valuable insights and #investing tips. #finance #stocks #trading