AHR Weekly Market Update - Monday 27th November
Manage episode 386371328 series 2891086
On this week’s AHR Market review..
Global equity markets continued their strong rally during the week in what was a holiday shortened week for US markets, as they observed Thanksgiving celebrations on Thursday.
Business growth forecasts in the US suggested a larger than expected decline in activity for manufacturing firms whilst U.S. sales of existing homes in October fell almost 15% from the same month a year ago to the lowest total in 13 years.
On the corporate front, with nearly all third-quarter results in as of Friday, companies in the S&P 500 are expected to post an average earnings gain of 4.3% over the same quarter a year earlier, the first period of earnings growth since quarter three 2022.
US equities posted gains of 1% for the week as growth stocks continued their outperformance of value equivalents.
Strong demand at US Treasury auctions helped drive down the US 10 year Treasury yield to its lowest level in over 2 months at 4.37%, although yields widened before the week was out.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.
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