KWM - Keep politics out of investing! - June 7th, 2024

First Trust – Three on Thursday. Keep politics out of investing!

Below is a chart of the Growth of $10,000 in the S&P 500 Index Since 1949. It’s a great illustration, that drives the point; You should invest in the market through republican and democratic presidents and not try and time your entry and exits based on which party is in charge. It also illustrates how powerful the market has been from 1949 to 2024. Stay invested, and maintain a long-term, non-partisan investment strategy.

Monday Morning Outlook – Waiting on the Fed

Monday Mornings piece by Brian Westbury highlights on inflation has stayed sticky this year, and that the preferred gauge by the fed is slowly dropping towards their target of 2%. The federal reserve will continue to stay data dependent through the rest of the year. We are finally seeing cracks in the labor force and manufacturing part of the economy. These cracks may secure two fed cuts this year.

ISM Services – Better than Expected!

This week we received our ISM Services number for May, and the number came in at 53.8 compared to the expected number of 50.8. This highlights how the services part of our economy is still growing, while our manufacturing side is in contraction. This may not lead to the slow down in inflation the fed is looking for, but its good to see that its slowly moving in the right direction and not falling to steeply.

ANDREW M. B. KRITIKOS, CFP®

Information was developed by First Trust, an independent third party. The opinions of Brian S. Wesbury, Robert Stein and Strider Elass are independent from and not necessarily those of RJFS or Raymond James.