Good morning and welcome to the Weekender for Saturday, November 11, 2023. This is a holiday-shortened Weekender as we take time to honor veterans who paid for our freedoms.
As measured by the S&P 500, equity markets were higher by 1.3% for the week. A strong return by any measure, but particularly so given the accepted narrative that interest rates are likely to remain higher for longer which will certainly lead to a softer economy and decline in corporate profits. Rates are now expected to be restrictive through most of 2024 unless economic distress dictates a quick retreat for the Federal Reserve.
Click here to download the Weekender PDF File
Click here to download the Weekender PDF File