{"id":290,"date":"2024-07-08T04:38:03","date_gmt":"2024-07-08T04:38:03","guid":{"rendered":"http:\/\/inmyopinion.com.sg\/?p=290"},"modified":"2024-07-08T04:38:03","modified_gmt":"2024-07-08T04:38:03","slug":"market-review-for-week-ending-5-july-2024","status":"publish","type":"post","link":"https:\/\/inmyopinion.com.sg\/?p=290","title":{"rendered":"Market Review for Week Ending 5 July 2024"},"content":{"rendered":"<h4>US economy<\/h4>\n<p>Soft patch growing. More evidence of late to suggest that the US economy is slowing.<\/p>\n<ul>\n<li>Jobless claims have risen. Unemployment rate inched higher even though job creation remains plentiful. Not the time to worry but investors need to watch that it does not deteriorate further.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-293\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-403.png\" alt=\"\" width=\"700\" height=\"450\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-403.png 700w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-403-300x193.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-294\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-402.png\" alt=\"\" width=\"700\" height=\"450\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-402.png 700w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-402-300x193.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-295\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-401.png\" alt=\"\" width=\"700\" height=\"450\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-401.png 700w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-401-300x193.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<ul>\n<li>GDPNow indicator down sharply. PMI for both manufacturing and services are down, below 50.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-296\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-12.23.32\u202fPM.png\" alt=\"\" width=\"438\" height=\"258\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-12.23.32\u202fPM.png 438w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-12.23.32\u202fPM-300x177.png 300w\" sizes=\"auto, (max-width: 438px) 100vw, 438px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-297\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-12.23.21\u202fPM.png\" alt=\"\" width=\"443\" height=\"256\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-12.23.21\u202fPM.png 443w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-12.23.21\u202fPM-300x173.png 300w\" sizes=\"auto, (max-width: 443px) 100vw, 443px\" \/><\/p>\n<ul>\n<li>Consumption remains robust, core PCE up 3.7% in Q1 2024. Consumer confidence still struggling, according to Mich. Consumer Survey.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-298\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-404.png\" alt=\"\" width=\"700\" height=\"450\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-404.png 700w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/fredgraph-404-300x193.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<ul>\n<li>Market breadth is poor. Bull market still led by technology stocks. Equal weight S&amp;P 500 holding up. If it holds the support line and breaks out, we could see a multi-month rally that is driven by fundamentals, rather than AI hype.<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-291\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-11.39.25\u202fAM.png\" alt=\"\" width=\"1405\" height=\"853\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-11.39.25\u202fAM.png 1405w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-11.39.25\u202fAM-300x182.png 300w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-11.39.25\u202fAM-1024x622.png 1024w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-11.39.25\u202fAM-768x466.png 768w\" sizes=\"auto, (max-width: 1405px) 100vw, 1405px\" \/><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Elections<\/strong>:<\/p>\n<p>UK &#8211; Labour party wins after 14 years. Financial market reaction is muted, without significant movement in UK stocks, gilts or the pound.<\/p>\n<p>France &#8211; Round one to the Right, round two to the Left, albeit slightly. Without a clear majority by any party, there will be jockeying for power sharing arrangement. This could mean status quo for France.<\/p>\n<p>Calls for Biden to dropout &#8211; It&#8217;s getting louder but what ever happens, it will probably not change much. Donald Trump is still expected to win the election in November.<\/p>\n<p><a href=\"https:\/\/www.economist.com\/interactive\/us-2024-election\/prediction-model\/president\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-299\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-12.37.28\u202fPM.png\" alt=\"\" width=\"1442\" height=\"742\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-12.37.28\u202fPM.png 1442w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-12.37.28\u202fPM-300x154.png 300w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-12.37.28\u202fPM-1024x527.png 1024w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-08-at-12.37.28\u202fPM-768x395.png 768w\" sizes=\"auto, (max-width: 1442px) 100vw, 1442px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US economy Soft patch growing. More evidence of late to suggest that the US economy is slowing. Jobless claims have risen. Unemployment rate inched higher even though job creation remains plentiful. Not the time to worry but investors need to watch that it does not deteriorate further. GDPNow indicator down sharply. PMI for both manufacturing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-290","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Review for Week Ending 5 July 2024 -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inmyopinion.com.sg\/?p=290\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Review for Week Ending 5 July 2024 -\" \/>\n<meta property=\"og:description\" content=\"US economy Soft patch growing. 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