{"id":5142,"date":"2024-01-21T20:55:01","date_gmt":"2024-01-22T01:55:01","guid":{"rendered":"https:\/\/envisionco.net\/?p=5142"},"modified":"2024-01-21T21:06:54","modified_gmt":"2024-01-22T02:06:54","slug":"week-ending-1-19-2024","status":"publish","type":"post","link":"https:\/\/envisionco.net\/?p=5142","title":{"rendered":"Week Ending 1\/19\/2024"},"content":{"rendered":"<p>MARKET RECAP<\/p>\n<ul>\n<li>US stocks are up by 1.04%, the Nasdaq by 2.3%, international stocks are down by 1.33%, and bonds fall by 0.91%. The yield on the 2-year treasury increased by 25 basis points to 4.39%, and the 10-year yield increased by 19 basis points to 4.15%.<\/li>\n<li>Expectations for Feb rate cuts, in terms of starting in March and in total number for 2024, are declining.<\/li>\n<li>Bitcoin, which had a recent peak on January 11th at $49,102, is now down almost 16% to $41,347. A classic example of sell on the news, as a bunch of bitcoin spot ETFs became available last week.<\/li>\n<li>Jobless claims are closing in on historic lows again, coming in at 187,000 this past week.<\/li>\n<li>University of Michigan consumer sentiment improved by the most since 2005, up by 9.1 points to 78.8.<\/li>\n<li>The Philadelphia Fed Manufacturing Index fell to -10.6, showing declining activity in that region.<\/li>\n<li>According to Barron&#8217;s, the Wall Street consensus is for S&amp;P 500 earnings growth of 11% this year. But management is talking more conservatively.<\/li>\n<li>There is an estimated $8.8 trillion in money market funds. Part of the bull argument is that some of those funds will flow into equities if interest rates fall.<\/li>\n<li>Jacob Sonenshine writes in Barron&#8217;s that the earnings yield on the SPX is 5.3%, only 1.3% greater than the 4% 10-year treasury yield. Investors are optimistic and short interest is low, some of the reasons the market might be set for a correction.<\/li>\n<\/ul>\n<p>SCOREBOARD<\/p>\n<p><a href=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/01\/Scoreboard-01-19-2024.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-5145\" src=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/01\/Scoreboard-01-19-2024-85x300.png\" alt=\"\" width=\"85\" height=\"300\" srcset=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/01\/Scoreboard-01-19-2024-85x300.png 85w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/01\/Scoreboard-01-19-2024-290x1024.png 290w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/01\/Scoreboard-01-19-2024-435x1536.png 435w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/01\/Scoreboard-01-19-2024.png 573w\" sizes=\"auto, (max-width: 85px) 100vw, 85px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARKET RECAP US stocks are up by 1.04%, the Nasdaq by 2.3%, international stocks are down by 1.33%, and bonds fall by 0.91%. The yield on the 2-year treasury increased by 25 basis points to 4.39%, and the 10-year yield &hellip; <a href=\"https:\/\/envisionco.net\/?p=5142\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1893,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5142","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/users\/1893"}],"replies":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5142"}],"version-history":[{"count":4,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5142\/revisions"}],"predecessor-version":[{"id":5147,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5142\/revisions\/5147"}],"wp:attachment":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}