Market Minutes Recap - Market Update (Perspectives on monthly retail sales, industrial production, the Fed’s Beige Book report, unemployment data, the equities market, and the bond market)

Key Wealth Matters

In this week's Market Minutes recap, hear from our team of investment experts as they share their perspectives on the latest market and economic activity. Our panel shares detailed insights into the monthly retail sales, industrial production, the Fed’s Beige Book report, unemployment data, the equities market, and the bond market.

Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Stephen Hoedt, Head of Equities
Tim McDonough, Senior Portfolio Manager

02:22 – Monthly retail sales came in at 0.0% for June, which signifies a slowing in consumer spending

04:39 – Though there appears to be a slow-down within the economy – based on the consumer spending and employment data – it does not seem to be stalling

07:52 – Understanding what caused the shift within the equities market, as returns for the Nasdaq are flat, the S&P 500 is only up 1.5%, midcap stocks are up 4.0%, and commercial real estate is up 8.0% since the inflection point this month

14:05 – An update on the municipal bond market; also, after the CPI report was released, and the overall bond market is preparing for an upcoming rate cut, there has been an uptick in new issuance of bonds, and close to $11 billion new issuance of municipal bonds

17:31 - Final comments about continuing to stay diversified and investing in quality portfolios

Additional Resources

Key Questions: Private Equity: What Else Do I Need to Know? | Key Private Bank

Key Questions | Key Private Bank
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