What We Were Reading and Watching this Week
Economy
Advanced Estimate for Q2 GDP came in at 2.8%
The advanced estimate for Q2 GDP at 2.8%, surprised forecasts.
The majority of consumer spending came in from healthcare, housing, and utilities, suggesting the consumers spend was mainly on non-discretionary items.
Final Reading for Consumer Sentiment
The final reading for Consumer Sentiment from the University of Michigan came out with the index up slightly.
These final readings still point to downward trends in this index we have seen this year, pointing to an increasingly stressed consumer.
Stocks and Indexes
S&P 500 Closed Lower this Week
Market rotation continues, away from mega-cap growth and technology.
Weighted vs Market Cap Weighted
S&P 500 Market Cap Weighted YTD 15.32%
S&P 500 Equal Weight YTD 8.44%
As of July 26, 2024
Bonds
Yields fell slightly, closing at 4.20% on the 10 year Treasury.
January 2024 10 Year Yield 3.946%
Gold
The price of gold eased to $2,386.10 per troy ounce.
Up 15.86% YTD.
TECHNICAL UPDATE
The indicator showing a lack of selling, has stopped its increase. We are continuing our watch of this indicator, to see if can resume its upward clime, and move through the measure that shows a bullish structure to the market.
Understanding the Indicators
When technical, monetary, and macroeconomic analysis are taken together, we believe investors have a strong framework for navigating every part of the market cycle. The technical indicators are the most precient that helps investors act ahead of big turning points in the market.
Monetary indicators then reveal whether conditions are helping, or hurting , the market, which can have a large impact on the size, and length, of the moves in the market.
Finally, leading macroeconomic indicators help confirm the other indicators.
This weight of evidence approach can help investors manage their overall exposure to the market.
Stanton Group Risk Management Current Net Long Positioning
There were no changes made in our Net Long Stock positioning within our model portfolios.
Please schedule a call to review historical and current positioning using our Core & Protect Risk Management Process, our research, and our model portfolios.
https://calendly.com/jstanton-1/stanton-group-introduction-with-john-stanton
Health and Wealth
Summer Recipe
This cool, refreshing soup captures the essence of summer. Serve with a cool entrée or as a pleasant dessert!
https://www.drweil.com/diet-nutrition/recipes/summer-melon-soup/
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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