Quiet Economic Week
Last week there was not a lot of major economic releases for investors to scrutinize. Corporate earnings season began, but only around 15% have reported thus far and the Fed members did not have any speeches that were market moving. Looking at Fed Fund Futures probabilities, investors expect two 0.25% rate cuts by year end, one in November and one in December. This probability did not change much throughout the week and is currently over 75%. This coming week will also be light in economic data, but earnings season gets into full swing.
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.