What We Were Reading and Watching this Week
Enjoy, look forward to hearing any feedback, questions, and comments!
Economy
Mortgage rates are now at 7.09% per Freddie Mac’s weekly release.
This is less than a percentage point off its late 2023 peak of 7.79%, and about where they were back in 2004.
Source: Macrotrends Shaded areas represent recessions
Markets
Treasuries are cheap, compared to stocks on an earnings yield basis.
Treasury notes and bonds look attractive, as inflation eases, and a possible slow down in the economy increases their appeal.
10-year note yields have dropped 1.5 percentage points on average in the last eight recessions.
TECHNICAL UPDATE
Stock Market
The S&P 500 closed higher this week as investors embrace the idea that economic "bad news is good news” , with the market focused on rate cuts once again.
Week:
YTD : 9.82%
Market technicals are once again mixed, with no downside distribution, and selling into up markets, still in place.
There are no changes in our net invested position within our model portfolios.
Please schedule a call with any questions regarding our Core & Protect risk management process, our research, and our model portfolios.
https://calendly.com/jstanton-1/stanton-group-introduction-with-john-stanton
Bond Market
10 Year Treasury Yield 4.52%
Gold
Gold remains an inflation risk hedge, and a hedge against geopolitical uncertainties.
Price is up 15% from January 1 2024, up 17% over past 12 months.
Source: Y Charts
Agriculture & Health
White Paper "Soil Health on Organic Farms" reviews the importance of improving soil health on our nations farms.
https://iroquoisvalley.com/impact/organic-system/
John is the founder of The Stanton Group WP. With more than three decades of experience in the financial services industry, and through SeaCrest Wealth Management, LLC, serves as the Registered Investment Advisor Representative for clients, focusing on financial planning and the investment strategies to support their financial plan.
Based in Naperville, Illinois, John serves clients in Naperville, Plainfield, Darien, Aurora, Geneva, St Charles, and throughout the Chicagoland area.
Learn more about John’s services by visiting www.stantongwp.com
John can be reached at l 630-445-2380 or email JStanton@seacrestwm.com.
The Stanton Group WP provides investment advisory services through SeaCrest Wealth Management LLC, (the “SWM”) a registered investment advisor. SWM is a registered investment advisor (“RIA”), with the U.S. Securities and Exchange Commission located in the State of New York. SeaCrest Wealth Management, LLC can be reached at (914) 502-1900.
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