Market Minutes Recap - Market Update (Perspectives on retail sales, rate cuts, earnings season, and this week’s Key Questions article)

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, rate cuts, earnings season, and this week’s Key Questions article.

Speakers:

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

01:11 – Comments on retail sales as they came in at about $700 billon for the month of December, which was a positive increase of 0.6% month-over-month from November

07:35 – Though the market anticipates 6 or more rate cuts in 2024, the Fed is projecting a mere 3 rate cuts. This leaves market participants to believe that the Fed is attempting to reel back the market’s aggressive expectations for rate cuts in 2024

10:40 – Comments on the anticipated ‘all-time high’ for earnings the market intends to see since January 3rd, 2022

16:14 – Final comments highlighting the Key Questions article released this week, “Is Today a Bad Time to Invest”, and giving insights to help readers determine when to invest

Additional Resources:
Key Questions: Is Today a Bad Time to Invest | Key Private Bank
2024 Outlook: On the Road (Back) to the Old Normal | Key Private Bank
Key Questions | Key Private Bank
Key Private Bank Investment Brief | Key Private Bank
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