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Key Wealth Matters, a podcast series hosted by the experts of the Key Wealth Institute, explores the biggest news of today to determine how these headlines can impact wealth plans, financial strategies, markets, and investments.
Join our team of advisors for unbiased, proactive advice about individual and family finances, estate and legacy planning, family dynamics, investing, as well as trends for business owners, nonprofits, and institutions.
To submit potential topics or questions to our experts, contact us via email at kpb_wealth_institute@keybank.com.
For more information, articles, or other insights related to wealth management, visit key.com/ourinsights.
The Key Wealth Institute is comprised of financial professionals representing Key entities including Key Private Bank, KeyBank Institutional Advisors, and Key Investment Services. Any opinions, projections, or recommendations contained herein are subject to change without notice and are not intended as individual investment advice.
This material is presented for informational purposes only and should not be construed as individual tax or financial advice. Bank and trust products are provided by KeyBank National Association (KeyBank), Member FDIC and Equal Housing Lender. Key Private Bank and KeyBank Institutional Advisors are part of KeyBank. Investment products, brokerage and investment advisory services are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC registered investment advisor. Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank.
Investment and insurance products are:
NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY
KeyBank and its affiliates do not provide legal advice. Individuals should consult their personal tax advisor before making any tax-related investment decisions.
©2023 KeyCorp®. KeyBank Member FDIC. 230327-1991928
Join our team of advisors for unbiased, proactive advice about individual and family finances, estate and legacy planning, family dynamics, investing, as well as trends for business owners, nonprofits, and institutions.
To submit potential topics or questions to our experts, contact us via email at kpb_wealth_institute@keybank.com.
For more information, articles, or other insights related to wealth management, visit key.com/ourinsights.
The Key Wealth Institute is comprised of financial professionals representing Key entities including Key Private Bank, KeyBank Institutional Advisors, and Key Investment Services. Any opinions, projections, or recommendations contained herein are subject to change without notice and are not intended as individual investment advice.
This material is presented for informational purposes only and should not be construed as individual tax or financial advice. Bank and trust products are provided by KeyBank National Association (KeyBank), Member FDIC and Equal Housing Lender. Key Private Bank and KeyBank Institutional Advisors are part of KeyBank. Investment products, brokerage and investment advisory services are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC registered investment advisor. Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank.
Investment and insurance products are:
NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY
KeyBank and its affiliates do not provide legal advice. Individuals should consult their personal tax advisor before making any tax-related investment decisions.
©2023 KeyCorp®. KeyBank Member FDIC. 230327-1991928
119 Episodes
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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 CPI Inflation report, yields, earnings outlook, and KeyBank’s National Call this week. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment Officer Rajeev Sharma, Head of Fixed IncomeSteve Hoedt, Head of Equities 02:10 – The Consumer Price Index (CPI) Inflation report was released and it showed a visible increase in inflation of 3.5% in March year-over-year from 3.2% in February 06:14 – Comments on the unexpected CPI Inflation report and how it seems to be generating a flatter yield curve as well as it may cause delays in anticipated rate cuts11:29 – Though the market has been seeing inflation and growth running ‘hotter’ for longer, the CPI Inflation report may produce some challenges in earnings expectations 14:49 – Recap on KeyBank’s National Call earlier this week and what clients may want to know with regard to the economy, the banking sector and commercial real estateAdditional Resources:Key Questions: Who Was Daniel Kahneman and How Did He Change the Way We Think About Investing? | Key Private Bank KeyBank National Call ReplayKey Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 PMI data, employment data, the Fed, yields, early thoughts on earnings season, and oil prices. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment Officer Rajeev Sharma, Head of Fixed IncomeSteve Hoedt, Head of Equities 01:41 – The Purchasing Managers’ Index (PMI) data showed the manufacturing side of the economy moved into an expansionary phase in March, while the services side of the economy has been expanding during the past 4 years04:30 – Based off today’s employment report, the Fed may start to recalibrate its policy due to the economy’s strength06:49 – Remarks about the 10-year Treasury yield and how investors hope it will not rise back to the 4.50% resistance point 11:15 – Based on the PMI data, we believe it is currently a macro-driven market that is reinforcing strong growth and corporate earnings13:59 – Comments on the recent increases in oil and gas pricesAdditional Resources:Key Questions: Will the Fed Achieve Complete “Inflation Totality”? | Key Private BankKey Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 existing-home sales, the FOMC meeting, rate cuts, The Wealth Effect, and the equities market. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyCindy Honcharenko, Director of Fixed Income Portfolio ManagementGeorge Mateyo, Chief Investment Officer Rajeev Sharma, Head of Fixed IncomeSteve Hoedt, Head of Equities 01:42 – For the month of February, existing-home sales surged 9.5% month-over-month, and this level of an increase has not been seen since February of 2023 03:06 – Comments on the FOMC meeting that took place earlier in the week, resulting in the Fed deciding they will keep rates unchanged07:52 – During the FOMC meeting, the Fed revealed the Dot Plot and its Summary of Economic Projections. This came as a relief for the market as it signified the Fed continues to forecast three rate cuts for 2024 instead of only two11:52 – Though the FOMC meeting did not discuss The Wealth Effect, we hear comments surrounding this concept14:59 – Remarks about the FOMC meeting’s influence on the equities market Additional Resources:Key Questions: Are Renewed Banking Fears Something to Fear? | Key Private BankKey Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 Retail Sales report, CPI inflation, rate cuts, the equities market, and the one-year anniversary of 2023 banking sector disruption. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment Officer Rajeev Sharma, Head of Fixed IncomeSteve Hoedt, Head of Equities Ester Lau, Senior Credit Analyst01:38 – According to the Census Bureau, Retail Sales increased 0.6% for the month of February, however January’s figures were revised downward from -0.8% to -1.1%02:33 – The Consumer Price Index (CPI) inflation report showed an increase of 0.4% for the month-over-month in February and 3.8% year-over year in February 06:55 – While the CPI data were hotter than expectations, the big question we can assume the Fed is facing is does the CPI data alter any decisions for 2024 rate cuts?09:59 – Remarks about the CPI data’s effect on the equity market; much of the market seems to be in a “sweet” spot13:57 – A look back to a year ago as March marks the one-year anniversary since the collapse of a few notable banks in 2023 Additional Resources:Key Questions: Is the Tax Preference for my 401(k) Safe? | Key Private Bank Key Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 Manager’s Index, the JOLTS report, the employment report, the Fed, the yield market, the stock market, and anticipated U.S. spending.Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment Officer Jim Kerrigan, Senior Fixed Income Portfolio ManagerSteve Hoedt, Head of Equities 01:26 – The Institute of Supply Management reported their Purchasing Manager’s Index at 52.8% for the month of February. This is approximately a 0.8% decrease from January02:03 – The JOLTS report was announced and remained unchanged from December 2023, signifying employers are still actively searching for talent07:02 – Comments stemming from Fed Chair Powell’s speech to Congress earlier in the week. The Fed and the Market are aligned to expect at least 3 rate cuts (around 75 basis points) this year beginning in June 09:06 – As a result of comments from the Fed this week, and what’s happening in the market, the yield curve has seen volatility this week 11:07 – The team discusses The Wealth Effect and its relation to the stock market. More specifically, how it relates to a decrease in stocks for some of the Magnificent 7, while the S&P 500 still holds strong14:49 – A look into U.S. spending expectations as election season approachesAdditional Resources:Key Questions: Should Investors Binge on (or Abstain From) the GLP-1 Craze? | Key Private BankKey Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
In this week's Market Minutes recap, our team of investing experts discusses various topics including the recent leap year, GDP for the fourth quarter of 2023, consumer spending, unemployment claims, and inflation. They also discuss the Federal Reserve's outlook on interest rates and the equity market's performance. Additionally, they delve into the concept of private equity, its definition, its benefits, and its differences from public equity. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment Officer Rajeev Sharma, Head of Fixed IncomeSteve Hoedt, Head of Equities Sean Poe, Senior Multi-Strategy Research Analyst 02:03 – This week's market and economic news, GDP for the fourth quarter of 2023, unemployment claims, and consumer spending 03:32 – Remarks on PCE inflation, contributions that financial services make to inflation numbers, predictions on Fed activity 05:40 – Comments on the bond market, rate cuts, and yield activity08:42 – Perspective on the equity market16:17 – Explanation of private equity, structure, historical returns, and potential benefits and challengesAdditional Resources:Key Questions: Why Should I Invest in Private Equity? | Key Private BankKey Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 Conference Board’s Leading Economic Index, NVIDIA stock, the equity market, and rate cut expectations. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment Officer Rajeev Sharma, Head of Fixed IncomeSteve Hoedt, Head of Equities 01:13 – The Conference Board’s Leading Economic Index indicator showed a decline of 0.4% for the month of January02:39 – NVIDIA, the tech giant responsible for the AI boom, continues to be a key player with regard to tech stocks increasing market value this week08:32 – Though NVIDIA continues to set record-highs, we should be aware of potential risks as we have seen a similar stock pattern with the popular tech company, Cisco, during the ‘90s; yet this era is likely different10:19 – Remarks about the dislocation between the equity and bond market; the bond market is expecting to see diminished rate cuts because of this 16:17 – Final comments on continuing to stay diversified and investing in quality Additional Resources:Key Questions: Should my Teenager Start a Roth IRA Account | Key Private Bank Key Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 CPI inflation, retail sales, the earnings market, rate cuts, and municipal bonds. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of EquitiesPatrick Grady, Senior Fixed Income Portfolio Manager02:00 – The Consumer Price Index (CPI) for the month of January was reported at 3.1% year-over-year. The 3.1% figure was higher than expected and month-over month data also increased, rather than decreasing 03:22 – As the holiday season has come to an end, we see overall retail sales for the month of January decline -0.8% month-over-month from December 04:27 – While the CPI and retail sales figures have declined, we share comments on the earnings season and what to expect as it warps up for Q4:202309:15 – Remarks on the continued discussion surrounding inflation and Fed rate cut expectations 12:56 – Comments on the municipal bond marketAdditional Resources:Key Questions: What Do We Mean By “A Return to the Old Normal”? | Key Private Bank2024 Outlook: On the Road (Back) to the Old Normal | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 unemployment claims, the Purchasing Managers’ Index, the earnings market, the Federal Reserve, commodity pricing, and a revolutionary digital streaming agreement. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities01:03 – Initial unemployment claims came in at 218,000 for the week ending February 3, which is a decrease from the previous week01:32 – The Purchasing Managers’ Index showed economic activity has contracted in the manufacturing sector while the services sector has continued to expand 02:30 – Comments on the consistency of the earnings market and the positive trends we notice 09:10 – Remarks on Federal Reserve member comments this week regarding their stance on rate cuts and the labor market14:17 – Final comments on commodity pricing and a trailblazing digital streaming agreementAdditional Resources:Key Questions: What Do We Mean By “A Return to the Old Normal”? | Key Private Bank2024 Outlook: On the Road (Back) to the Old Normal | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 Job Openings & Labor Turnover Survey, the Nonfarm Payrolls report, the FOMC meeting, and the earnings market. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyCynthia Honcharenko, Director of Portfolio Management George Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities01:24 – Glancing at the Job Openings and Labor Turnover Survey summary, about 9 million job requisitions were opened across the U.S., which was, primarily, unchanged from the month prior01:59 – The Employment Situation report shows an unemployment rate of 3.7%, which, essentially, remains unchanged from previous months 02:13 –Nonfarm Payrolls came in at 353,000 for the month of January. Furthermore, as we look at the revised figures for November and December, the data indicates the numbers were revised upwards by 126,00003:10 – Comments on this week’s FOMC meeting and the Committee’s overall decision to leave the Fed funds rate unchanged at the target range of 5.25% - 5.50%10:45 – As the earnings market experiences one of the two biggest weeks of companies reporting, we hear comments about the overall S&P 500 index 15:16 – Considering the FOMC meeting, it appears that The Fed is leaning on the side of precautious as they continue to monitor changes within the inflation and employment markets Additional Resources:Key Question: What Should Investors Know About India's Economic Rise? | Key Private Bank2024 Outlook: On the Road (Back) to the Old Normal | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 unemployment claims, fourth quarter GDP, PCE inflation, the upcoming FOMC meeting, and the earnings market. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities01:11 – Initial unemployment claims were 214,000 for the week ending January 20th; Though it was an uptick from the prior week, unemployment claims have stayed consistent around 220,000 for the last 6-9 months 02:20 – December’s PCE inflation report was released coming in at 2.6% year-over-year, which remained the same as in November; but Core PCE came in lower than the previous month, at 2.9%, which is favorable06:27 – Comments on the anticipated FOMC meeting next week and what we can expect Fed Chair Powell to discuss11:22 – Along with record highs the S&P 500 has been making, we provide comments about the earnings market as the numbers still look to be headed in an upward trajectory.Additional Resources:Key Question: What Should Investors Know About India's Economic Rise? | Key Private Bank 2024 Outlook: On the Road (Back) to the Old Normal | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 retail sales, rate cuts, earnings season, and this week’s Key Questions article.Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities01:11 – Comments on retail sales as they came in at about $700 billon for the month of December, which was a positive increase of 0.6% month-over-month from November 07:35 – Though the market anticipates 6 or more rate cuts in 2024, the Fed is projecting a mere 3 rate cuts. This leaves market participants to believe that the Fed is attempting to reel back the market’s aggressive expectations for rate cuts in 202410:40 – Comments on the anticipated ‘all-time high’ for earnings the market intends to see since January 3rd, 2022 16:14 – Final comments highlighting the Key Questions article released this week, “Is Today a Bad Time to Invest”, and giving insights to help readers determine when to investAdditional Resources:Key Questions: Is Today a Bad Time to Invest | Key Private Bank2024 Outlook: On the Road (Back) to the Old Normal | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 this and last week's economic news, comments on geopolitical news, and a recap of SEC news regarding crypto. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerStephen Hoedt, Head of EquitiesJustin Tantalo, Director of Multi-Strategy Research01:40 – This week's and last week's economic news, including CPI Inflation, Unemployment Claims + JOLTS, Employment Situation and ISM PMI reports 05:00 – Reaction to economic data and our take on Fed policy 08:15 – Comments on what we are seeing in Asia related to elections and the potential impact on the markets09:54 – Remarks on oil and energy abundance 12:10 – Perspectives on earnings and the equity markets 15:19 – Recap of news from the SEC and an update on crypto and new Bitcoin ETFs Additional Resources:2024 Outlook: On the Road (Back) to the Old Normal | Key Private Bank Key Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 CPI report, unemployment claims, the FOMC meeting, and the ECB report.Speakers:Brian Pietrangelo, Managing Director of Investment StrategyCynthia Honcharenko, Director of Fixed Income Portfolio Management George Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed Income 01:45 – The Consumer Price Index (CPI) report showed a year-over-year decline from 3.2% in October to 3.1% in November. 02:23 – For the week ending December 9th, the Initial Unemployment Claims report showed a decline in claims to 202,000. This signifies the resiliency for the job market we expect to see heading into 2024.03:34 – The FOMC meeting and press conference took place Wednesday, and we heard from Fed Chair Powell regarding their outlook for 2024, as well as the projection of slowly lowering interest rates.09:33 – While the market expected to hear about a pause in rates for December during the FOMC meeting, the Fed looks to be moving towards the market’s expectations for 2024 of 5 anticipated rate cuts, but not all the way there, only projecting 3 rate cuts at this time. 11:52 – The European Central Bank (ECB) report was released and confirmed that rates will remain unchanged.12:19 – Final comments on our 2024 Economic and Investment Outlook and continuing to stay focused on quality portfolios and staying diversified.Additional Resources:Books for Your 2023 Holiday Reading | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 the Purchasing Managers Index report, the JOLTS report, the Employment Situation, the yield curve, and our 2024 economic and market outlook. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities01:36 – The Purchasing Managers Index report showed the Services sector of the economy has continued to expand throughout November, for the eleventh consecutive month.02:06 – The JOLTS report revealed a drop in job openings from 9.4 million in September to 8.7 million in October.06:01 – Reports, like JOLTS and the Employment report, indicate the jobs market is cooling, causing volatility in the yield curve amidst the backdrop of Fed policy.09:45 – As the market believes economic growth will continue to increase, we suspect earnings will be pushed higher into next year.12:19 – Final comments from the team on their 2024 economic and market outlook.Additional Resources:Books for Your 2023 Holiday Reading | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 GDP report, the PCE inflation report, Federal Reserve member speeches this week, and KeyBank’s upcoming National Call on our 2024 economic and market outlook. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities01:19 – The second estimate for the third quarter GDP report revealed an overall increase of 5.2% for the quarter on an annualized basis. 03:17 – As inflation continues to slow, Core PCE dropped from 3.7% in September to 3.5% in October.04:02 – Comments on disinflation regarding prices rising but at a slower pace.07:30 – Reactions to the market shift due to November’s record-breaking financial trends.11:52 – Remarks on Fed Governor, Chris Waller’s, speech explaining that although the inflation rate is outside the 2% target the Fed anticipates, Waller is confident the policies in place will continue to slow inflation and achieve the target rate.18:07 – Final comments highlighting KeyBank Wealth Institute’s upcoming National Call. Additional Resources:Key Questions: If the Fed is Done Raising Rates Should I Buy Bonds? | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 Consumer Price Index of inflation, Retail Sales, Congress’s decision on government spending, and KeyBank’s upcoming National Call on our 2024 economic and market outlook. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities 01:29 – According to the Consumer Price Index (CPI), the year-over-year inflation rate decreased from 3.7% in the month of September to 3.2% in October. 02:09 – The CPI shelter inflation index reported a decrease from 7.2% in the month of September to 6.7% in October. 03:34 – While a government shutdown seems to be averted, Congress will continue to deliberate on government spending into 2024. 09:35 – Based on the CPI, the market senses that the Fed is done raising rates, and even predicts that interest rate cuts may happen as soon as July.13:35 – Despite the unexpected outcome of the 30-Year Treasury Auction last week, the market seems to be functioning appropriately.14:37 – Final comments highlighting Key Wealth Institute’s upcoming National Call, scheduled for December 6.Additional Resources:Key Questions: What Can We Learn about Investing from the Legacy of Bobby Knight? | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 stock market, Fed Chair Powell’s testimony, and the 30-Year Treasury Auction. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities 02:33 – While stock market values are depreciating, an interesting “tale of two markets” is afoot as the ‘Magnificent 7’ stocks continue to outperform expectations. 06:40 – Remarks anticipating the upcoming NVIDIA earnings report. As the software company has been reporting successful figures, whether the stock increases or decreases, it is expected to put a jolt in the market.09:44 – Remarks on Fed Chair Powell’s testimony this past week: While nothing significant was stated differently from the Fed meeting on November 1st, we can expect that if inflation does not slow down soon, the Fed may consider one more rate increase. 11:38 – Comments on the 30-Year Treasury Auction and how the overall outcome was a shock to dealers.15:25 – Final comments advising listeners to consider their portfolio positioning and dollar-cost-averaging into bonds while attempting to stay vigilant regarding duration risks.Additional Resources:Key Questions: Election Day is One Year Away. What Should Investors Know? | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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 PMI data, unemployment claims, the FOMC meeting, new non-farm payrolls, rates, and earnings.Speakers:Brian Pietrangelo, Managing Director of Investment StrategyCynthia Honcharenko, Director of Fixed IncomeGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities 01:16 – While the Purchasing Managers Index (PMI) showed the Manufacturing side of the economy is in contraction for the past 12 months, the Services side of the economy has been in an expansionary mode for the past 9 months 02:42 – Initial Unemployment claims were at 217,000 for the prior week, which remain low; however, Continuing Unemployment claims rose to 1.8 million for the week, which is up about 10% for the last 6 weeks, signifying people are unable to adequately locate employment within a reasonable period03:40 – The Federal Reserve had its November FOMC meeting, announcing The Fed Funds Rate will remain unchanged at the upper limit of 5.50%; This could be a hint that rate hikes are over09:26 – Despite the Fed not calling for rate cuts yet, the bond market is calling for more significant rate cuts in 202412:19 – Though earnings this season have been underwhelming, they’re admittedly viewed as “good enough”. We can see this from Apple and the tech industries market contributions of about 30% of the S&P 500. 14:45 – Remarks on crypto FTX founder, Sam Bankman-Fried, guilty verdict 15:53 – Final comments for listeners to maintain policy positioning and focus on long-term trendsAdditional Resources:Key Questions: How Big of a Bite Into Apple Will China Take? | Key Private BankKey Questions: Why Are Interest Rates Surging? When Will They Peak? What Should Investors Do? | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
In this week's 100th episode of 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 unemployment claims, the third quarter 2023 GDP advance estimate, corporate revenues and earnings, expectations for next week's FOMC meeting, and helpful investing principles. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities 02:20 - As the job market remains resilient, unemployment claims remain low sitting at 210,000 claims 02:44 - The third quarter advance estimate for GDP came in at a 4.9% annualized rate. In addition to the growth rate being higher than expected, it was more than double growth in the second quarter 07:45 - As we move closer to the end of earnings season, we can anticipate to see year-over-year growth in both revenues and earnings 09:59 - Predictions on next week's FOMC meeting, as we anticipate the Fed will keep rates unchanged due to geopolitical risks, the recent surge in rates, the European Central Bank (ECB) pause, and the Core PCE price index coming in softer than expected 13:04 - Comments on this week's slowdown of new issuance of corporate bonds as we experience the slowest October in the last decade 14:27 - Wrapping up our 100th episode, the team reflects on their favorite, helpful investing principles they have utilized within their careers Additional Resources:Key Questions: It’s Medicare Open Enrollment Time – How Can Medicare Beneficiaries Stay Protected from Scammers? | Key Private BankKey Questions | Key Private BankKey Private Bank Investment Brief | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn
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