Market views heading into the week highlight what we're watching and important news ahead.
Investment Advisory Group
Truist Advisory Services, Inc.
A look back
The global MSCI ACWI reached a new all-time high last week, rising 1.7%. The S&P 500 underperformed international developed markets slightly as it jumped 1.5%.
U.S. Treasury yields fell again last week. The yield curve steepened as the 2-year yield dropped faster than the 10-year yield.
At the annual Jackson Hole Symposium, Federal Reserve (Fed) Chair Jerome Powell updated some of his views, stating his confidence has grown that inflation is on the right track, putting rate cuts on the table
A look ahead
Nvidia reports Q2 earnings this week which will shine a light on the entire artificial intelligence landscape and how much investment is still growing for the industry.
The Fed’s preferred inflation gauge comes out at the end of this week. The Personal Consumption Expenditures (PCE) price index is expected to have risen 0.2% for both headline and core prices in the month of July.
Economic Releases: Conf. Board Consumer Confidence, GDP Q2 second release, Personal Income and Spending, PCE.
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