Market Minutes Recap - Market Update (Perspectives On The Purchasing Managers Index, The Fed’s Beige Book, The Employment Situation, Rate Cuts, And The Energy Market) Key Wealth Matters podcast

Key Wealth Matters « »

Market Minutes Recap - Market Update (Perspectives on the Purchasing Managers Index, the Fed’s Beige Book, the Employment Situation, rate cuts, and the energy market)

1y ago 21:18

Content provided by Andrew Rigo and Key Wealth Institute. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Andrew Rigo and Key Wealth Institute or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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 Purchasing Managers Index, the Fed’s Beige Book, the Employment Situation, rate cuts, and the energy market.

Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities

01:45 – The Institute for Supply Management Purchasing Managers Index (PMI) data was released highlighting the manufacturing industry being in a contractionary environment, while the services industry has been in an expansionary environment for the past 48 months

02:26 – The Federal Reserve’s Beige Book came out Wednesday, in advance of the upcoming FOMC meeting, specifying economic activity grew slightly in 3 of the 12 districts, while 9 of the 12 reported flat or declining activity

03:32 – The Employment Situation summarized data for two key elements: the unemployment rate for August came in at 4.2%, down 0.1% from July. In addition, total non-farm payroll employment increased by 142,000 from the previous month, yet it was still below expectations and included downward revisions for the prior two months of 86,000

04:32 – Comments on the Employment Situation report and its mixed results as payrolls and unemployment data differed from expectations

07:04 – Based on the Employment Situation data, it seems without a doubt a 25-50 basis point rate cut will happen at this month’s Fed meeting

11:06 – Remarks on the energy market and its role in the equities market

16:52 - Final comments highlighting the recent Key Wealth National Call and where you can obtain the replay

Additional Resources

Key Questions: When the Fed Cuts Rates, Should Investors Cut Their Exposure to Stocks | Key Private Bank

Key Questions | Key Private Bank
Subscribe to our Key Wealth Insights newsletter

Economic & Market Research
Weekly Investment Brief
Follow us on LinkedIn

52 episodes