Leading Indicator Watch | July 28, 2023

AUTHOR: Kerry Hilsabeck, CFP®
TITLE:       Investment Adviser Rep
TAGS:   Jobs, GDP, Yield Curve, Money Stock, S&P 500, Consumer Sentiment

Markets reacted positively to the announcement of an expected rate hike by the Federal Reserve (FRB) but growth data drove them higher for the week. Durable Goods Orders jumped 4.7% (Jun) from 2% (May). GDP (Q2) exceeded expectations, increasing 2.4% compared to 1.8%. The data reflects 3 straight quarters above 2% growth.

Be sure to check out more of last week’s leading indicators here and stay tuned for Market Thoughts.

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