• INY : Invest in Yourself Episode 010 - Inflation / You MISSED out

  • Nov 24 2023
  • Length: 11 mins
  • Podcast

INY : Invest in Yourself Episode 010 - Inflation / You MISSED out

  • Summary

  • Inflation / You MISSED out


    Stock Market has best Week of 2023


    November and December are two of the best months for the stock market historically.


    The Dow was up by 5.07% in its best week since October 2022. The S&P 500 was higher by 5.85% and the Nasdaq gained 6.61%. It was the best week for both indexes since November 2022.


    Month to Date 11/24/23

    DIA is up 7%

    Spy 8.8%

    QQQ 10.83%


    The October jobs report on Friday came in weaker than expectations, showing the Fed’s attempt to cool the economy and stifle inflation could be working. The U.S. economy last month added 150,000 jobs, below the 170,000 payrolls increase consensus estimate from Dow Jones, and lower than September’s blowout of 297,000 jobs added. The unemployment rate rose to 3.9%, compared to expectations that it would hold steady at 3.8%.


    Bond yields, which have weighed on the stock market the last three months, tumbled Friday in the wake of the softer-than-expected payrolls figures and lighter average hourly earnings increase. The 10-year Treasury yield lost more than 9 basis points to 4.57%, down from the 5% high it hit last month. The 2-year Treasury yield lost 13 basis points to 4.8%.


    Let this website be your friend https://www.investopedia.com (Stock Market Encyclopedia)


    Want a FREE Stock? Join Robinhood with my link and we'll both pick our own free stock 🤝 https://join.robinhood.com/princel9

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    Our aim is to simplify the intricate stock market for you. We provide insights into capitalizing on market emotions through proven approaches like value investing and dividend growth investing, while incorporating elements of growth investing and trend following.


    Follow me on IG https://www.instagram.com/the.princecharming/


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