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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 this week’s important inflation releases, “two-armed economist” theory, the equity and bond markets, and the upcoming Key Wealth National Call.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer Paul Toft, Senior Fixed Income Portfolio ManagerStephen Hoedt, Head of Equities 
01:22 – The Producer Price Index was released reporting at 0.5% month-over-month for April, which is above the expected figure of 0.3%
04:00 – Remarks regarding the ‘two-armed economist’ theory, as the economy seems to be in a toss-up with the back-and-forth of inflation and rate cut discussions 
07:25 – Comments on equities market as it continues to hit peak levels this week 
11:43 – As municipal bonds appear to be having a better month than in April, we hear comments explaining why
14:34 – final comments highlighting the upcoming Key Wealth National Call on June 5th at 1:00pm EST
Additional Resources
Key Questions: I Have a College Graduate Now, What Can I Do With My Excess 529 Account Funds? | Key Private Bank 
Key Questions | Key Private BankSubscribe to our Key Wealth Insights newsletter
Economic & Market ResearchWeekly Investment BriefFollow us on LinkedIn

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 the equities market, corporate earnings, and the upcoming CPI report.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer Rajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities 
01:53 – Updates on earnings and what is being reported from the stock market 
09:16 – Comments on rate cut discussions by the Fed, in recent weeks, and how it’s affecting the yield curve
13:44 – Predictions on the Fed, and Fed Chair Powell’s potential reactions to next week’s Consumer Price Index release
15:26 - Final comments about continuing to stay focused on quality portfolios and staying diversified.
Additional Resources
Key Questions: How Do Recent Changes to the FDIC Insurance Coverage Limits Affect My Deposits? | Key Private BankWhite paper: An Introduction to Investing in Private Credit | Key Private Bank
Key Questions | Key Private BankSubscribe to our Key Wealth Insights newsletter
Economic & Market ResearchWeekly Investment BriefFollow us on LinkedIn

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 The Employment Cost Index, the FOMC meeting, and the bond and equities market.
Speakers:
Brian Pietrangelo, Managing Director of Investment StrategyCindy Honcharenko, Director of Fixed Income
George Mateyo, Chief Investment Officer Rajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities 
02:07 - The Employment Cost Index revealed for the quarter ending March 2024 that wages and salaries were up 4.4% year over year
04:12 – Comments on this week’s FOMC meeting; the Fed decided to leave rates unchanged, as expected, and the Federal Funds target rate will remain at 5.25% – 5.50%
08:23 – Remarks on the bond market’s reaction after the recent FOMC meeting, confirming the Fed is likely to consider only one rate cut in 2024
10:27 – Comments on The Fed’s stance on the economy currently and where we can expect the Fed to pivot
13:09 – As we have seen a lot of back-and-forth within the market, we hear how the FOMC meeting will influence the stock market and earnings
Additional Resources
Key Questions: How Do Recent Changes to the FDIC Insurance Coverage Limits Affect My Deposits? | Key Private BankWhite paper: An Introduction to Investing in Private Credit | Key Private Bank
Key Questions | Key Private BankSubscribe to our Key Wealth Insights newsletter
Economic & Market ResearchWeekly Investment BriefFollow us on LinkedIn

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 the recent GDP report and inflation data. Our experts also discuss the private credit market and its benefits for investors.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer Rajeev Sharma, Head of Fixed IncomeAther F. Bajwa, CFA,® CPA, Director Investment Research
01:24 – Remarks on GDP for the first quarter of 2024, which came in at an annualized rate of 1.6%, down from the previous quarter, and comments on the contributors. 
04:21 – Reaction to the overall GDP and PCE inflation data from PCE, and what it means for the economy. 
07:31 – Comments on the labor market, rate cuts, and the upcoming FOMC meeting. 
11:42 – Discussion on the private credit market and its benefits for investors.

Additional Resources:
Key Questions: Private Credit: What Is It and Should You Add It to Your Portfolio? | Key Private BankWhite paper: An Introduction to Investing in Private Credit | Key Private Bank
Key Questions | Key Private BankSubscribe to our Key Wealth Insights newsletter
Economic & Market ResearchWeekly Investment BriefFollow us on LinkedIn

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 the retail sales report, the equities market, and the Fed. 
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer Rajeev Sharma, Head of Fixed IncomeSteve Hoedt, Head of Equities 
01:24 – The retail sales report for March was reported at 0.7% and the report for February was revised from 0.6% to 0.9%
03:37 – As the market is experiencing a slight decline, we hear comments on what may be influencing this shift
07:42 – Comments about the geopolitical events that may be having an effect on the equities, gold, and oil markets
10:19 – Remarks about Fed Chair Powell’s comments made earlier in the week regarding taking a step-back on the anticipated rate cuts for the year; though the market initially expected 7 rate cuts, the Fed may only implement 1-2 rate cuts
13:05 – Final comments about keeping investments diversified

Additional Resources:
Key Questions: It’s April, Why is the College Admission Season in Disarray? | Key Private Bank KeyBank National Call Replay
Key Questions | Key Private BankSubscribe to our Key Wealth Insights newsletter
Economic & Market ResearchWeekly Investment BriefFollow us on LinkedIn

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 the CPI Inflation report, yields, earnings outlook, and KeyBank’s National Call this week. 
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
George Mateyo, Chief Investment Officer Rajeev Sharma, Head of Fixed IncomeSteve Hoedt, Head of Equities 
02:10 – The Consumer Price Index (CPI) Inflation report was released and it showed a visible increase in inflation of 3.5% in March year-over-year from 3.2% in February 
06:14 – Comments on the unexpected CPI Inflation report and how it seems to be generating a flatter yield curve as well as it may cause delays in anticipated rate cuts
11:29 – Though the market has been seeing inflation and growth running ‘hotter’ for longer, the CPI Inflation report may produce some challenges in earnings expectations 
14:49 – Recap on KeyBank’s National Call earlier this week and what clients may want to know with regard to the economy, the banking sector and commercial real estate

Additional Resources:
Key Questions: Who Was Daniel Kahneman and How Did He Change the Way We Think About Investing? | Key Private Bank KeyBank National Call Replay
Key Questions | Key Private BankSubscribe to our Key Wealth Insights newsletter
Economic & Market ResearchWeekly Investment BriefFollow us on LinkedIn