The July reports indicated slowing economic growth during the month. Hiring slowed notably, which could signal potential weakness for the labor market. Service sector and consumer confidence both improved in July, and the yield curve inversion widened modestly due to falling long-term interest rates.
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Economic Release Snapshot: Service Sector Confidence Improves in July
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.
Looking Back at the Markets in July and Ahead to August 2024
July was a mixed month for markets, as investors rotated away from larger technology companies and took a more diversified approach during the month. The S&P 500 and Dow Jones Industrial Average both posted positive returns in July, but the Nasdaq Composite declined modestly. International markets were up for the month, while falling interest rates led to positive returns for bonds.
Stock Market Sell-Off: What to Expect Next
It has been quite a couple of days in the financial markets. Today marks the latest in a sharp drawdown around the world. Japan has been hit particularly hard, but the pullback is global. Here in the U.S., for example, the S&P 500 is down about 3 percent for the day (as of this writing) and just shy of 8 percent off its all-time highs. The Nasdaq is doing even worse, down almost 4 percent for the day and 14 percent off its all-time highs.
Economic Release Snapshot: Job Growth Slows as Unemployment Rises
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.
Market Thoughts for August 2024 [Video]
July was a mixed month for markets, as investors rotated away from tech companies in favor of a more diversified approach. The tech-heavy Nasdaq had a weak month, the S&P 500 ended up a bit, and the Dow Jones Industrial Average did best of all, up by almost 5 percent. On the economic front, we are still in a relatively familiar place as we head into August. Despite some slowing, the economy is healthy and inflation is down.
Olivia has joined Riverstone Wealth Partners providing knowledge gained from her 15 plus years in management. Olivia has provided services within the financial industry, mortgage industry, and in the non-profit sector. Olivia thrives on providing stellar customer service, accomplishing all goals set before her, and doing the right thing. Olivia’s degree in Business Management allowed her to take on roles that ultimately led her to Riverstone Wealth Partners. Olivia is currently pursuing another degree with an emphasizes in Human Resources, which she has learned over time… is her passion!
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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