OG Private Wealth

09/24/2024

Be prepared.

09/23/2024

September 23, 2024 | Weekly Market Insights

Stocks moved higher last week after the Federal Reserve’s half-point rate cut, bolstered by multiple data points supporting a cooling but still strong economy and decelerating inflation.

09/20/2024

The bond market's yield curve has briefly normalized, reversing a key recession indicator. This shift marks a change from recent trends, but its implications aren't straightforward.

Historically, normalization can precede economic changes. Coupled with a decrease in job openings, this could influence future Fed decisions. However, it's crucial to remember that no single indicator tells the whole story.

Key takeaway: This change is significant but doesn't guarantee economic direction. Multiple factors still influence market conditions, underscoring the importance of comprehensive analysis.

💡 Economic indicators are complex. When evaluating financial trends, always consider the bigger picture.


Source:

The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator.

09/17/2024

The Federal Reserve's upcoming meeting (Sept 17-18) is drawing attention.

🔑 Key factors include:
▪️ Job market health
▪️ July job openings at a 3.5-year low
▪️ Unemployment rate: 4.3% (still relatively low)

What's at stake:
▪️ The size of the rate cut - 0.25% or 0.50%?

👀 What to watch:
▪️ Friday's jobs report
▪️ Next week's consumer price index

Why it matters:
Fed decisions impact everything from mortgages to business loans, shaping our economic landscape.
Stay tuned as we navigate these economic shifts together.


Source:

Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month, when their assessment of job-market health will be key to how big an interest-rate cut they deliver.

09/16/2024

September 16, 2024 | Weekly Market Insights

Stocks rallied last week as investors received better-than-expected consumer and producer inflation data. The Dow Jones Industrial Average rose 2.60 percent, while the Standard & Poor’s 500 Index gained 4.02 percent. The Nasdaq Composite led, picking up 5.95 percent as tech stocks rebounde

09/13/2024

There are 5 sections on a standard credit report, but 3 of them matter most when it comes to identifying credit fraud.

09/10/2024

Our goal is to help you achieve your goals by bringing them to the forefront when planning.

09/09/2024

September 9, 2024 | Weekly Market Insights

Stocks fell last week as soft economic data rattled investors focused on the Fed’s next move with interest rates. The Dow Jones Industrial Average lost 2.93 percent, while the Standard & Poor’s 500 Index dropped 4.25 percent. The tech-heavy Nasdaq Composite fell 5.77 percent. The MSCI EAFE

09/06/2024

🚨 Postage Alert: Stamp prices jumped to 73¢ on July 14.
But wait, there's more to this story than meets the eye…

This is the 6th increase in just 3 years, outpacing inflation. Businesses, not individuals, may feel the biggest pinch.

It's a small change that hints at larger economic shifts. Keep an eye on these trends; they're part of the bigger financial picture!



Source:

On Sunday, the cost of a stamp is going up for the second time this year, jumping 5 cents for first class postage to 73 cents. You probably didn’t notice.

08/30/2024

The latest Fed minutes suggest we might see an interest rate cut as soon as September. Here's what you need to know:

▪️ Most Fed officials believe easing policy could be appropriate if data continues as expected
▪️ Markets are fully pricing in a September cut
▪️ Inflation is moving towards the 2% target, but labor market risks have increased

What does this mean for your portfolio? It's a great time to review your investment strategy and consider how potential rate changes might impact your financial goals.


Source:

The Federal Reserve on Wednesday released minutes from its July 30-31 policy meeting.

08/27/2024