Market Minutes Recap - Market Update (Perspectives on PMI data, employment data, the Fed, yields, early thoughts on earnings season, and oil prices)

Key Wealth Matters

In this week's Market Minutes recap, hear from our team of investment experts as they share their perspectives on the latest market and economic activity. Our panel shares detailed insights into PMI data, employment data, the Fed, yields, early thoughts on earnings season, and oil prices.

Speakers:

Brian Pietrangelo, Managing Director of Investment Strategy

George Mateyo, Chief Investment Officer
Rajeev Sharma, Head of Fixed Income
Steve Hoedt, Head of Equities

01:41 – The Purchasing Managers’ Index (PMI) data showed the manufacturing side of the economy moved into an expansionary phase in March, while the services side of the economy has been expanding during the past 4 years

04:30 – Based off today’s employment report, the Fed may start to recalibrate its policy due to the economy’s strength

06:49 – Remarks about the 10-year Treasury yield and how investors hope it will not rise back to the 4.50% resistance point

11:15 – Based on the PMI data, we believe it is currently a macro-driven market that is reinforcing strong growth and corporate earnings

13:59 – Comments on the recent increases in oil and gas prices

Additional Resources:

Key Questions: Will the Fed Achieve Complete “Inflation Totality”? | Key Private Bank

Key Questions | Key Private Bank
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