John Hancock: Weekly Market Recap Week Ended July 5
Jobs growth cools June’s gain of 206,000 jobs exceeded economists’ consensus forecast for around 190,000, but a rise in unemployment to 4.1% left the jobless rate at the highest level since November 2021. Moreover, April’s and May’s initially reported jobs growth figures were revised downward by a total of 111,000, adding to the recent data […]
LPL: Sneak Peak Into Second Half Seasonality For Stocks
Key Takeaways Stocks are heading into the second half with impressive momentum. Historically, a strong first half tends to be followed by above-average second-half returns. Perhaps unsurprisingly, 1995 had the highest correlation to 2024 (based on first-half progressions) — a year that included a soft landing, the launch of the internet, and extremely low volatility. […]
Visual Capitalist: U.S. Wealth By Generation
Charted: U.S. Wealth by Generation In 2023, American Baby Boomers owned 52% of the country’s net wealth despite comprising only 20% of the population. Based on Federal Reserve data, this graphic illustrates the distribution of wealth in the United States from 1990 to 2023 by generation. Generations are defined by birth year: Silent Generation (born […]
John Hancock: Weekly Market Recap Week Ended June 28
Top-heavy market The first half of 2024 produced lopsided results across the U.S. equity market. Through June 26, a single information technology sector stock contributed around 30% of the overall total return of the S&P 500, according to S&P Dow Jones Indices. In addition, just five tech-oriented stocks accounted for more than half of the […]