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Largest Gains for the S&P 500 in 51 Weeks
The Major Markets saw new life last week after two weeks of losses. For the S&P 500, this marked the largest gains in 51 weeks.
Author: Aileen Beno-Lietz
Dinner at Mastro’s Ocean Club
The Larson Financial Group invites you to the Mastro’s Ocean Club for an exclusive dinner event.
Q3 GDP Grew at 4.9% Annually
Last week saw the release of Q3 GDP which came in hotter than expected at 4.9%, compared to estimates of 4.7% and the prior quarter’s Q2 result of 2.1%.
Tax-Loss Harvesting
If you have capital gains, you may be subject to greater tax implications for your 2023 filing. Consider utilizing tax-loss harvesting to minimize your tax liability.
A Speech by Fed Chairman Jerome Powell
The dominant economic news last week was around the topic of inflation. Retail Sales came in hotter than expected on Tuesday. On Wednesday, Housing Starts came in just slightly below expectations while Building Permits exceeded expectations. This was echoed on Thursday with Existing Home Sales which came in slightly above estimates.
Israel-Hamas Conflict + the Impact on Capital Markets
The Israeli-Hamas conflict has become a focal point of global concern, significantly impacting financial markets and the economy.
Conflict in the Middle East
Last week, attention shifted away from the war in Ukraine and onto the conflict in the middle east. The most noticeable economic fallout was seen in WTI Crude Oil Futures.