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Good morning!
The week leading up to the national elections is bustling, with critical earnings reports and economic data taking center stage. Here's what's happening...
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Have cash or cash equivalents earning nothing or next-to nothing? It's a great time to invest in U.S. Treasury Bills, a short-term investment with little risk and easy liquidity. We'll post current rates of return here each Tuesday. Want to put your money to work? Call your advisor today! | | |
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Nearly 950 companies report earnings this week, including five of the so-called Magnificent Seven mega-cap tech-growth stocks: Alphabet (Google) on Tuesday, Microsoft and Meta (Facebook) on Wednesday, and Apple and Amazon on Thursday. Other earnings this morning are expected from Visa, AMD, Novartis, McDonald's, HSBC, and Pfizer, followed Wednesday by Eli Lilly, AbbVie, Caterpillar, APD, and Starbucks. On Thursday, numbers are due from Mastercard, Merch, Shell, Uber, and Comcast, followed Friday by Berkshire Hathaway, Exxon Mobil, Chevron, Enbridge, Dominion Energy, and Charter Communications. *
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The Fed's preferred inflation gauge, the PCE (Personal Consumption Expenditures) index, is out Thursday. Analysts expect core inflation for September--excluding food and energy prices--to have cooled a tenth of a percentage to 2.6%, ever closer to the Fed's goal of 2%. A previous reading on inflation, the CPI (Consumer Price Index), was higher than expected in September, providing additional support for Fed members advocating for a more gradual approach to rate cuts following last month's jumbo half-point reduction. **
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Following a stellar jobs report in September, all eyes are on October’s employment data, set to be released on Friday. The numbers could present the markets with a dilemma, since strong job growth could lessen the urgency for further rate cuts, while weaker than expected numbers could lead to quicker easing yet signaling a slowing economy. Economists predict that 110,000 jobs were added in October, significantly lower than the 245,000 added in September. ***
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The financial advisors at Miramontes Capital diligently keep up with anything that can impact our clients' finances and tap into more than 175 years of combined investment experience. We do our all to keep your money protected and growing. If you think you might benefit from our financial experience and oversight, contact us today for a FREE, no-obligation consultation. Just call (800) 460-1595. Until next week... | |
Investment Advisory Services offered through Miramontes Capital, LLC. Securities offered through Balanced Security Planning, Inc. Member FINRA/SIPC. Miramontes Capital, LLC and Balanced Security Planning, Inc. are separate companies affiliated through common control. This newsletter is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Miramontes Capital, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Miramontes Capital, LLC unless a client service agreement is in place. | | | | |
