Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.
News
What Mattered This Week? No Slowdown Here
Unlike last week, when there really wasn’t much news, we did get quite a bit of data this week. And it was all positive.
Will the S&P 500 Keep Rising After Hitting a 52-Week High?
Brad here. We just published our Midyear Outlook, and as you saw yesterday, we remain cautious about the market for several reasons. At the same time, over the longer term, the market does tend to go up—and even in the shorter term, there are alternative possibilities to consider.
For most people, that means focusing on the risk, and that’s fine—but it misses half, and possibly more, of the big picture. So, for a look at the potential upside, here’s a great piece from my colleague Tom Logue on why the market may well keep rising, especially over the next year.
2023 Midyear Outlook: Do Equity Markets Warrant Caution Ahead?
1969 is often remembered as one of the biggest years in pop culture history. Broadway Joe Namath guaranteed his upstart AFL Jets would win the Super Bowl—and then went out and did just that. The Beatles played together in public for the last time on a London rooftop. Neil Armstrong took one small step for man and one giant leap for mankind. About 400,000 people descended on a farm in New York for the Woodstock Music Festival. And finally, the Miracle Mets won the World Series.
Economic Release Snapshot: Housing Market Shows Improvement
Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.
What Mattered This Week? Market Reaction to Powell
In truth, not much happened on the news front this week. The housing data did come in better than expected, which was good news and supports the idea that a recession is still some ways away. But, as we discussed last week, we kind of knew that already. Fed Chair Powell testified that the central bank is still determined to get inflation down to the 2 percent target and that it plans to keep rates high—and maybe raise them further. Again, we knew that because he has been saying it over and over for more than a year now. This week was more about olds than news.
Director of Operations
Ashley has been working in the customer service field since she started her first job at age 16. For the past ten years she worked in an office setting handling accounts payable and receivable as well as some receptionist work. She is very excited to learn more about the investment field.
Alec joined Riverstone after starting out his post college career on the operations side of an international logistics company working as an account executive. Graduating with a BA in Economics from the University of Illinois at Urbana-Champaign, he quickly developed a strong interest in the financial world. A lifetime resident of the Chicagoland area, Alec is an avid fan of his hometown sports teams. He is also an enthusiast of outdoor activities like fishing, camping, and hiking whenever possible.
Carol has a wide variety of experiences and has worked mainly with not-for-profit organizations. She spent 20 years in fundraising and 15 years teaching in the Illinois school system while she raised her younger children. Carol lives in Sugar Grove with her husband, Ron, and their Golden Retriever, Charley. She has four children and two grandchildren. When she’s not working, Carol enjoys spending time with friends and family, running, fishing, bible study, and watching her grandchildren play sports.
Wealth Advisor
Wealth Advisor / Registered Principal
Wealth Advisor
Wealth Advisor / Registered Principal
Wealth Advisor
Wealth Advisor Assistant
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