Fidelity research finds resilience as DIY investors balance caution with optimism.
The broad-based advance in July, boosted by car sales and major online promotions, is another factor for the Fed to ponder ahead of its annual Jackson Hole symposium.
The surprise PPI reading, driven by the biggest monthly gain in core since 2022, further muddies the central bank's September decision to hold or cut rates in September.
"CPI data that was in-line with expectations will not change the outlook for a September rate cut which was already largely priced into markets," said Josh Jamner, senior investment strategy analyst, ClearBridge Investments.
Despite recent data pointing to an economic slowdown, investors have remained optimistic on hopes of a just-in-time Fed rate cut.
Calls come as weak labor market figures roll in.
Over 8% fall as US unit sees grim figures, Trump policy threats
New report says administration could launch multibillion-dollar offering by year end
Wealth managers weigh in on the best ways to access AI tools to increase office productivity.
Wealth managers are using the Tesla CEO's multi-billion dollar package to educate clients on windfalls and option-based pay strategies.
Nvidia, Apple chipmaker reportedly fired employees, launched probe.
The firm's proprietary index of investor activity nudged higher last month.
Tariff shocks and a weak July jobs report triggered an inauspicious start to August, sparking volatility across the equity and bond markets.
Hiring slows in July as downward revisions and rising unemployment rate strengthen the case for a Federal Reserve rate cut.
Wealth managers shed some light on the future of solar stocks now that the OBBBA has been enacted.
"The rate-setting committee has set the stage to take action at the next meeting. If economic conditions weaken, the committee will likely cut rates by a quarter point in September," said Jeffrey Roach, chief economist at LPL Financial.
President Donald Trump, Treasury Secretary Scott Bessent, and two Federal Reserve governors have all raised concerns questioning the central bank's leadership.
"This report is unlikely to shift the Federal Reserve's stance ... For investors, this reinforces the importance of managing risk and focusing on fundamentals, rather than reacting to headline numbers," said Gina Bolvin, president of Bolvin Wealth Management Group.
At the end of May, the Bluerock Total Income + Real Estate Fund said the net asset value, or NAV, of its Class A and Class C shares, respectively, was $25.74 and $23.71.
Investors await quarterly results from tech giants Microsoft, Meta, Apple, and Amazon, as well as the Federal Reserve's key July rate decision.
