{"id":4502,"date":"2023-10-12T09:52:31","date_gmt":"2023-10-12T14:52:31","guid":{"rendered":"https:\/\/kramerwealth.com\/?p=4502"},"modified":"2024-01-24T09:49:03","modified_gmt":"2024-01-24T15:49:03","slug":"3rd-quarter-market-report","status":"publish","type":"post","link":"https:\/\/kramerwealth.com\/3rd-quarter-market-report\/","title":{"rendered":"3rd Quarter Market Report"},"content":{"rendered":"<p class=\"responsive-video-wrap clr\"><iframe title=\"3rd Quarter Market Report\" src=\"https:\/\/player.vimeo.com\/video\/872678573?dnt=1&amp;app_id=122963\" width=\"1200\" height=\"675\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture\"><\/iframe><\/p>\n<p>\u201cQuarterly Market Insights: Q3 2023\u201d<\/p>\n<p>Hello. I am Danny Lacey with Kramer Wealth Managers. I am pleased to share 3rd Q Market Report.<\/p>\n<p>Stocks lost a portion of their first-half gains in the third quarter<br \/>\nas a continued tight monetary policy from the Federal Reserve sent<br \/>\nbond yields higher, making stock investors nervous throughout August<br \/>\nand September.<\/p>\n<p>For the three months ending September 30, the Dow Jones Industrial<br \/>\nAverage declined 2.62 percent, while the Standard &amp; Poor\u2019s 500 Index<br \/>\nlost 3.65 percent. The Nasdaq Composite fell 4.12 percent.1<\/p>\n<p>The strong price momentum during the first half of the year continued<br \/>\ninto the start of the third quarter as stocks rose in July. Cooling<br \/>\ninflation, a better-than-anticipated second-quarter earnings reports,<br \/>\nand a hopeful belief that the U.S. economy may avoid falling into a<br \/>\nrecession helped fuel the gains.<\/p>\n<p>However, in August, sentiment turned. Multiple challenges\u2014including<br \/>\nrising bond yields, credit rating downgrades (both U.S. government<br \/>\ndebt and corporate debt), and continued economic weakness in<br \/>\nChina\u2014dampened enthusiasm. A late-month rally trimmed losses.<\/p>\n<p>Earnings Outlook Brightens<\/p>\n<p>The second-quarter earnings season, which largely ended in August,<br \/>\nhelped support stocks with better-than-expected results. As of August<br \/>\n25th, with 485 of the companies in the S&amp;P 500 reporting, 79 percent<br \/>\nposted earnings above market estimates.2<\/p>\n<p>Perhaps more importantly, Wall Street\u2019s outlook for third-quarter<br \/>\nearnings improved during the quarter. Consensus analysts\u2019 forecasts<br \/>\nare estimating a 0.2 percent growth in earnings for the S&amp;P 500<br \/>\ncompanies. Although this forecast appears slightly underwhelming, it<br \/>\nwould mark the first quarter of year trailing earnings growth since<br \/>\nthe third quarter of 2022.3<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<p>Despite some hotter than expected inflation data, The Fed elected to<br \/>\nkeep interest rates unchanged following the September meeting of the<br \/>\nFederal Open Market Committee (FOMC). Fed has not signaled what it<br \/>\nmay do with regards to rates at its upcoming two-day meeting, ending<br \/>\non November 1st, indicating that its decision will be data-dependent.<\/p>\n<p>With the government shutdown averted in late September, the Fed will<br \/>\nhave current data when the FOMC meets.<\/p>\n<p>Expect investors to be especially sensitive to September inflation<br \/>\ndata, which is scheduled to be released in mid-October. Should<br \/>\nconsumer prices and producer prices be higher than anticipated, the<br \/>\nprospect of a rate hike may potentially jump.<\/p>\n<p>However, if the report data comes in lower than expected it may take<br \/>\nsome pressure off the Fed.<br \/>\nThank you for watching.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cQuarterly Market Insights: Q3 2023\u201d Hello. I am Danny Lacey with Kramer Wealth Managers. I am pleased to share 3rd Q Market Report. Stocks lost a portion of their first-half gains in the third quarter as a continued tight monetary policy from the Federal Reserve sent bond yields higher, making stock investors nervous throughout August [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":4503,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[16],"tags":[34,40],"acf":[],"_links":{"self":[{"href":"https:\/\/kramerwealth.com\/wp-json\/wp\/v2\/posts\/4502"}],"collection":[{"href":"https:\/\/kramerwealth.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kramerwealth.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kramerwealth.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/kramerwealth.com\/wp-json\/wp\/v2\/comments?post=4502"}],"version-history":[{"count":2,"href":"https:\/\/kramerwealth.com\/wp-json\/wp\/v2\/posts\/4502\/revisions"}],"predecessor-version":[{"id":4505,"href":"https:\/\/kramerwealth.com\/wp-json\/wp\/v2\/posts\/4502\/revisions\/4505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kramerwealth.com\/wp-json\/wp\/v2\/media\/4503"}],"wp:attachment":[{"href":"https:\/\/kramerwealth.com\/wp-json\/wp\/v2\/media?parent=4502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kramerwealth.com\/wp-json\/wp\/v2\/categories?post=4502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kramerwealth.com\/wp-json\/wp\/v2\/tags?post=4502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}