{"id":5159,"date":"2024-02-04T21:51:53","date_gmt":"2024-02-05T02:51:53","guid":{"rendered":"https:\/\/envisionco.net\/?p=5159"},"modified":"2024-02-04T21:51:53","modified_gmt":"2024-02-05T02:51:53","slug":"week-ending-2-2-2024","status":"publish","type":"post","link":"https:\/\/envisionco.net\/?p=5159","title":{"rendered":"Week Ending 2\/2\/2024"},"content":{"rendered":"<p><strong>MARKET RECAP<\/strong><\/p>\n<ul>\n<li>US stocks +1.26%, the S&amp;P 500 is at a record high. International -0.14%, bonds +0.69%. Oil drops by 7.35%.<\/li>\n<li>The jobs report hammered expectations; non-farm payrolls were up by 353k versus a 185k estimate. Average hourly earnings were up by 0.6% m\/m and 4.5% y\/y. The unemployment rate remained steady at 3.7%. The only negative was a decline in the average workweek to 34.1 from 34.1, but the bad January weather gets the blame.<\/li>\n<li>Q1 growth is estimated to be 4.2% by GDPNow.<\/li>\n<li>As expected, the Fed kept interest rates steady.<\/li>\n<\/ul>\n<p><strong>GRAPH OF THE WEEK<\/strong><\/p>\n<p>The chart below shows how earnings estimates have progressed since 2020. The black line represents 2024, and the green line represents 2025. In both cases, you see a slight decline as time goes on. That is not unusual, as reality hits as we get closer to the actual year-end dates.<\/p>\n<p><a href=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/earnings-estimates-over-time.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-5161\" src=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/earnings-estimates-over-time-300x180.png\" alt=\"\" width=\"300\" height=\"180\" srcset=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/earnings-estimates-over-time-300x180.png 300w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/earnings-estimates-over-time-768x461.png 768w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/earnings-estimates-over-time-500x300.png 500w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/earnings-estimates-over-time.png 771w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><strong>SCOREBOARD<\/strong><\/p>\n<p><a href=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/Scoreboard-02-02-2024.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-5164\" src=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/Scoreboard-02-02-2024-83x300.png\" alt=\"\" width=\"83\" height=\"300\" srcset=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/Scoreboard-02-02-2024-83x300.png 83w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/Scoreboard-02-02-2024-427x1536.png 427w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/Scoreboard-02-02-2024-569x2048.png 569w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/02\/Scoreboard-02-02-2024.png 573w\" sizes=\"auto, (max-width: 83px) 100vw, 83px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARKET RECAP US stocks +1.26%, the S&amp;P 500 is at a record high. International -0.14%, bonds +0.69%. Oil drops by 7.35%. The jobs report hammered expectations; non-farm payrolls were up by 353k versus a 185k estimate. Average hourly earnings were &hellip; <a href=\"https:\/\/envisionco.net\/?p=5159\">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-5159","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5159","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=5159"}],"version-history":[{"count":4,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5159\/revisions"}],"predecessor-version":[{"id":5165,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5159\/revisions\/5165"}],"wp:attachment":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}