December 26, 2023

No Coal From Santa

Latest Publications No Coal From Santa

Soft-Landing Increasingly Expected

Equities extended their astounding rally to an eighth straight week, the S&P 500’s longest string of gains in six years. While several economic releases continue to signal upcoming rate cuts and a soft-landing, the rally showed some signs of fatigue with milder gains. Last Tuesday’s housing starts improved following a period of record-high mortgage rates, supporting Wednesday’s better-than-expected existing home sales.

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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.