Consumer Confidence, Investor Psychology, and an Interesting Post: What We Were Reading and Watching This Week
Enjoy, look forward to hearing any feedback, questions, and comments!
Economy
Consumer Confidence was released this morning, highlighting the planned consumer reduction in spending.
The Consumer Confidence report was weak across the board. Consumer Confidence fell for the third consecutive month to 97.0, the lowest level in nearly two years, from a downwardly revised 103.1 in March. The Present Situation Index fell from 146.8 to 142.9 but remains relatively elevated. Most important, the Future Expectations Index fell to 66.4 from 74.
More than 80% of those surveyed plan to reduce spending to save money with the top three categories being food away from home, clothing and fashion items, and entertainment away from home.
Markets
TECHNICAL UPDATE
Stock Market
The S&P 500 is on track to close slightly higher for the week.
YTD 6.62%
Bond Market
10 Year Treasury 4.52%
Investor Psychology
A key indicator used by one our research sources, identifies market reversals.
When investor psychology reaches an extreme, either bullish or bearish, it often marks a key turning point in the stock market.
This indicator was approaching extreme optimism, bullishness, January 2 2024, has since been trending lower.
Along with our other technical markers, confirms a neutral stance on the overall market.
Please schedule a call with any questions regarding our Core & Protect risk management process, our research, and our model portfolios.
https://calendly.com/jstanton-1/stanton-group-introduction-with-john-stanton
Health & Wealth
Saw this very interesting post by Dr. Robin Berzin, MD, about Walmart shutting down their healthcare services division.
Dr. Berzin is the founder of Parsley Health, a national medical home for women and families, offering proactive, personalized primary care that treats the root cause.
https://www.parsleyhealth.com/
John is the founder of The Stanton Group WP. With more than three decades of experience in the financial services industry, and through SeaCrest Wealth Management, serves as the Registered Investment Advisor representative for clients, focusing on financial planning and the investment strategies to support their financial plan.
Based in Naperville, Illinois, John serves clients in Naperville, Plainfield, Darien, Aurora, Geneva, St Charles, and throughout the Chicagoland area.
Learn more about John’s services by visiting www.stantongwp.com
John can be reached at l 630-445-2380 or email JStanton@seacrestwm.com.
The Stanton Group WP provides investment advisory services through SeaCrest Wealth Management LLC, (the “SWM”) a registered investment advisor. SWM is a registered investment advisor (“RIA”), with the U.S. Securities and Exchange Commission located in the State of New York. SeaCrest Wealth Management, LLC can be reached at (914) 502-1900.
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.
The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of John Stanton, and should not be regarded as the views of SeaCrest Wealth Management, LLC, or its respective affiliates or as a description of advisory services provided by SeaCrest Wealth Management, LLC, or performance returns of any SeaCrest Wealth Management client.
The views reflected in the commentary are subject to change at any time without notice.
Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. It also should not be construed as an offer soliciting the purchase or sale of any security mentioned.
Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.
