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Weekly Market Update

Last week’s market highlights, closing
performance,
market indicators and the week ahead.

weekly market update  |  4 min read

More Growth, Less Easing

October 14, 2024

The S&P 500, Dow and Nasdaq gained 1.11%, 1.21% and 1.13% with the S&P 500 and Dow making new all-time highs on Friday.

Read More on More Growth, <span class="nowrap">Less Easing</span>

weekly market update  |  4 min read

October’s Three Market Surprises

October 7, 2024

The S&P 500, Dow and Nasdaq gained 0.22%, 0.09% and 0.10% on strong job gains countering fears of escalating tensions in the Middle East that lifted West Texas Intermediate oil prices by more than 8% to almost $75 a barrel.

Read More on October’s Three <span class="nowrap">Market Surprises</span>

weekly market update  |  4 min read

Which Markets Will Move? US Policies Matter

September 30, 2024

The S&P 500, Dow and Nasdaq gained 0.62%, 0.59% and 0.95%, on post-Fed rate cut momentum. The S&P 500 and Dow each made new all-time highs while the Nasdaq ended the week 2.83% below its July 10 high.

Read More on Which Markets Will Move? US <span class="nowrap">Policies Matter</span>

weekly market update  |  4 min read

A Winning Week After Fed Rate Cut

September 23, 2024

The Fed chose to end the monumental suspense over “25 or 50” basis points for its first rate cut of the easing cycle with the more decisive action.

Read More on A Winning Week After Fed <span class="nowrap">Rate Cut</span>

weekly market update  |  4 min read

Eyeing China’s Response to US Policy

September 16, 2024

After a second presidential debate, news coverage of the US election is set to heat up further in coming weeks. The temperature is set to “boil.”

Read More on Eyeing China’s Response to <span class="nowrap">US Policy</span>

weekly market update  |  3 min read

Strategy for Uncertainty? Raise Quality

September 9, 2024

The S&P 500, Dow and Nasdaq shed -4.25%, -2.93% and -5.77% on weaker-than-expected labor market data. In August, the economy added 142K jobs, but the prior two months saw combined downward revisions of 86K. Small business hiring plans also point to a cooling labor market.

Read More on Strategy for Uncertainty? <span class="nowrap">Raise Quality</span>

weekly market update  |  3 min read

US Equities – Corporate Profits Already Hitting New Highs

September 3, 2024

The S&P 500 and Dow gained 0.24%, 0.94% while the Nasdaq fell and -0.92% on the heels of a nearly complete profits reporting season that saw S&P 500 2Q24 EPS up 14.0% y/y.

Read More on US Equities – Corporate Profits Already Hitting <span class="nowrap">New Highs</span>

weekly market update  |  3 min read

Stocks Rally as Powell Signals Ease

August 26, 2024

Last week at the annual Jackson Hole Economic Symposium, Fed Chair Powell delivered the words many investors long expected. He also said much more.

Read More on Stocks Rally as Powell <span class="nowrap">Signals Ease</span>

weekly market update  |  3 min read

Market Awaits Fed Remarks

August 19, 2024

Last week, the S&P 500, Dow and Nasdaq gained 3.93%, 2.94% and 5.29%, as a friendly inflation report cemented Fed ease in September. The Consumer Price Index (CPI) dropped to 2.9% y/y in July, the first time it has been below 3.0% y/y since March 2021, setting the stage for the ...

Read More on Market Awaits <span class="nowrap">Fed Remarks </span>

weekly market update  |  3 min read

“Leveraging” Volatility for Potential Gain

August 12, 2024

Uncertainty is high. Risk is ever present. Yet in the past week, we’ve heard discussion of nearly every dark macro-economic scenario many of our readers have lived through.

Read More on “Leveraging” Volatility for <span class="nowrap">Potential Gain</span>
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Why Work with a Financial Advisor

A Financial Advisor can help you plan for big moments in your life like retirement and education. If you have more complex needs a Financial Advisor can help you with asset protection, trusts, and wealth transfers.

Learn More on Why Work with a Financial Advisor

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Invest the Way that Works for You

Whether you prefer to invest on your own, with an advisor or a combination of both, Citi Personal Wealth Management can provide strategies to help you meet your goals.

Learn More on Invest the Way that Works for You

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Important Information

An investor cannot invest directly in an index. They are shown for illustrative purposes only and do not represent the performance of any specific investment. Index returns do not include any expenses, fees or sales charges, which would lower performance.

The MSCI ACWI (All Country World Index) captures large and mid cap representation across 23 Developed Markets (DM) and 23 Emerging Markets (EM) countries. With 2,483 constituents, the index covers approximately 85% of the global investable equity opportunity set.

S&P 500 Index is an unmanaged, market value-weighted index of 500 stocks generally representative of the broad stock market. An investment cannot be made directly in a market index.

Dow Jones Industrial Average is a price-weighted index of the 30 “blue-chip” stocks and serves as a measure of the U.S. market, covering such diverse industries as financial services, technology, retail, entertainment and consumer goods. An investment cannot be made directly in a market index.

The Nasdaq composite index is a market-capitalization weighted index of more than 3,000 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks.

The MSCI Europe Index captures large and mid-cap representation across 15 Developed Markets (DM) countries in Europe. With 444constituents, the index covers approximately 85% of the free float-adjusted market capitalization across the European Developed Markets equity universe.

The MSCI Japan Index is designed to measure the performance of the large and mid-cap segments of the Japanese market. With 320 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in Japan.

The MSCI Emerging Markets Index reflects performance of large and mid-cap stocks in roughly 20 emerging markets.

The Citi World Broad Investment Grade Bond index is weighted by market capitalization and includes fixed rate Treasury, government sponsored, mortgage, asset backed, and investment grade (BBB–/Baa3) issues with a maturity of one year or longer and a minimum amount outstanding of $1 billion for Treasuries, $5 billion for mortgages, and $200 million for credit, asset-backed and government-sponsored issues.

The Citi U.S. Broad Investment-Grade Bond Index (USBIG) tracks the performance of US Dollar-denominated bonds issued in the US investment-grade bond market. Introduced in 1985, the index includes US Treasury, government sponsored, collateralized, and corporate debt providing a reliable representation of the US investment-grade bond market. Sub-indices are available in any combination of asset class, maturity, and rating.

The Euro Broad Investment-Grade Bond Index (EuroBIG) is a multi-asset benchmark for investment-grade, Euro-denominated fixed income bonds. Introduced in 1999, the EuroBIG includes government, government-sponsored, collateralized, and corporate debt. Sub-indices are available in any combination of asset class, maturity, and rating.

The Citi Emerging Market Sovereign Bond Index (ESBI) includes Brady bonds and US dollar-denominated emerging market sovereign debt issued in the global, Yankee and Eurodollar markets, excluding loans. It is composed of debt in Africa, Asia, Europe and Latin America. We classify an emerging market as a sovereign with a maximum foreign debt rating of BBB+/Baa1 by S&P or Moody's. Defaulted issues are excluded.

The US High-Yield Market Index is a US Dollar-denominated index which measures the performance of high-yield debt issued by corporations domiciled in the US or Canada. Recognized as a broad measure of the North American high-yield market, the index includes cash-pay, deferred-interest securities, and debt issued under Rule 144A in unregistered form. Sub-indices are available in any combination of industry sector, maturity, and rating.

The Weekly Market Update report should not be considered a recommendation or research report. Nor should it be considered a solicitation, advice or a recommendation with respect to any investment strategy, asset allocation or particular investment. The Weekly Market Update is not intended to constitute “research,” as that term is defined by applicable regulations. The views expressed herein are those of the author and do not necessarily reflect the views of Citigroup Global Markets Inc. or its affiliates. All opinions are subject to change without notice. Neither the information provided nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. The expressions of opinion are not intended to be a forecast of future events or a guarantee of future results.

There may be additional risk associated with international investing, including foreign, economic, political, monetary and/or legal factors, changing currency exchange rates, foreign taxes, and differences in financial and accounting standards. These risks may be magnified in emerging markets. International investing may not be for everyone.

Bonds are affected by a number of risks, including fluctuations in interest rates, credit risk and prepayment risk. In general, as prevailing interest rates rise, fixed income securities prices will fall. Bonds face credit risk if a decline in an issuer’s credit rating, or creditworthiness, causes a bond’s price to decline. High yield bonds are subject to additional risks such as increased risk of default and greater volatility because of the lower credit quality of the issues. Finally, callable bonds can be subject to prepayment risk. When interest rates fall, an issuer may choose to borrow money at a lower interest rate, while paying off its previously issued bonds. As a consequence, those investors who held the called bond will be forced to reinvest in a market where prevailing interest rates are lower than when the initial investment was made.

The market and planning commentary on this site may discuss topics that are timely to current events at the time they were written or filmed. The relevance of such topics may change at future dates.

Investments are subject to market fluctuation, investment risk, and possible loss of principal.

Diversification and asset allocation do not protect against loss or guarantee a profit. Past performance is no guarantee of future results.

Please consult your Financial Advisor before making any investment decisions.

Citigroup Inc. and its affiliates do not provide tax or legal advice.

The information set forth was obtained from sources believed to be reliable, but we do not guarantee its accuracy or completeness.

These strategies do not necessarily represent the experience of other clients, nor do they indicate future performance or success. Investment results may vary. The investment strategies presented are not appropriate for every investor. Individual clients should review with their advisor the terms and conditions and risk involved with specific products or services.

Announced in January 2021, Citi Global Wealth (“CGW”) is comprised of the wealth management businesses of Citi Private Bank and Citi’s Global Consumer Bank. Through these businesses, CGW delivers Citi’s wealth solutions, products and services globally. The unified management and delivery of CGW’s wealth strategy represents a further commitment by Citi to become a leading global wealth business. Citi Global Wealth Investments (“CGWI”) is comprised of the Investments and Capital Markets capabilities of Citi Private Bank, Citi Personal Wealth Management and International Personal Bank U.S.

Citi Private Bank and Citi Personal Wealth Management are businesses of Citigroup Inc. (“Citigroup”), which provide clients access to a broad array of products and services available through bank and non-bank affiliates of Citigroup. Not all products and services are provided by all affiliates or are available at all locations. In the U.S., investment products and services are provided by Citigroup Global Markets Inc. (“CGMI”), member FINRA and SIPC, and Citi Private Advisory, LLC (“Citi Advisory”), member FINRA and SIPC. CGMI accounts are carried by Pershing LLC, member FINRA, NYSE, SIPC. Citi Advisory acts as distributor of certain alternative investment products to clients of Citi Private Bank. Insurance is offered by Citi Personal Wealth Management through Citigroup Life Agency LLC (“CLA”). In California, CLA does business as Citigroup Life Insurance Agency, LLC (license number 0G56746). CGMI, Citi Advisory, CLA and Citibank, N.A. are affiliated companies under the common control of Citigroup. Outside the U.S., investment products and services are provided by other Citigroup affiliates. Investment Management services (including portfolio management) are available through CGMI, Citi Advisory, Citibank, N.A. and other affiliated advisory businesses. These Citigroup affiliates, including Citi Advisory, will be compensated for the respective investment management, advisory, administrative, distribution and placement services they may provide.

International Personal Bank U.S. (“IPB U.S.”), is a business of Citigroup Inc. (“Citigroup”) which provides its clients access to a broad array of products and services available through Citigroup, its bank and non-bank affiliates worldwide (collectively, “Citi”). Through IPB U.S. prospects and clients have access to the Citigold® Private Client International, Citigold® International, International Personal, Citi Global Executive Preferred, and Citi Global Executive Account Packages.

Investment products and services are made available through either Citi Personal Wealth Management, Citi Personal Investments International (“CPII”), a business of Citigroup Inc., which offers securities through Citigroup Global Markets Inc. (“CGMI”), member FINRA and SIPC, an investment advisor and broker–dealer registered with the Securities and Exchange Commission. CGMI investment accounts are carried by Pershing LLC, member FINRA, NYSE, and SIPC. Insurance is offered by Citi Personal Wealth Management, CPII through Citigroup Life Agency LLC (“CLA”). In California, CLA does business as Citigroup Life Insurance Agency, LLC (license number 0G56746). Citibank N.A., CGMI, CIFS, and CLA are affiliated companies under common control of Citigroup Inc.

This Communication is intended for clients of Citi Personal Wealth Management (“CPWM”) and Citi Personal Investments International(“CPII”), which are businesses of Citigroup Inc. (“Citigroup’).

The products and services mentioned in this communication are not offered to individuals’ resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican and The Isle of Man. Your eligibility for a particular product and service is subject to a final determination by us. This communication is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

Citi Global Wealth (“CGW”) is a business of Citigroup Inc. (“Citigroup”) and is comprised of several lines of business including Citi Private Bank, Citi Personal Wealth Management and Citi Personal Investments International. Investment products and services are offered through Citigroup Global Markets Inc. (“CGMI”), member SIPC. Banking products and services are offered through Citibank, N.A. (“Citibank”), Member FDIC. CGMI and Citibank are affiliated companies under the common control of Citigroup. CGW provides access to a continuum of wealth products and services available through bank and non-bank affiliates of Citigroup.

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