Activest Wealth Management LLC.

Most Outstanding Points of the Week • In the United States, it was a short week for the markets, with manufacturing activity (ISM) contracting for the third consecutive month in June. • In the United States, June nonfarm payrolls rose by 206,000 jobs, slightly above the expectation of 200,000. • In China, services expanded at their slowest pace in eight months due to a decline in new orders. • In Mexico, the consensus of analysts consulted by the Bank of Mexico estimated that this year's GDP could grow 2%, slightly below the 2.1% estimated in May. Important Events in the Coming Weeks ➢ In the United States, Jerome Powell will make a speech 07/09 ➢ In the U.S., inflation figure to be released 07/11 #Activest #MarketUpdate #USMarkets #Manufacturing #ISM #NonfarmPayrolls #EmploymentData #ChinaEconomy #ServicesSector #NewOrders #MexicoEconomy #GDPGrowth #AnalystConsensus #JeromePowell #Speech #USInflation #EconomicEvents

The second quarter corporate earnings season will begin in two weeks, with banks like JP Morgan, Citi, and Wells Fargo reporting on July 12. Major tech companies, such as NVDA, will report at the end of the month and until August 23. Earnings per share (EPS) for the S&P 500 are estimated to grow by 9% annually, the highest growth since the fourth quarter of 2021. The Technology and Communication Services sectors are expected to lead with 17% growth, while the Materials and Industrials sectors will experience a decline in earnings. The top six stocks in the S&P 500 (AMZN, AAPL, GOOGL, META, MSFT, and NVDA) are expected to increase their EPS by 30% annually, compared to a 5% growth for the other 494 companies. EPS estimates have remained more stable than usual, with only a 1% reduction over the past six months. For the period, a 4% annual sales growth and a net profit margin of 11.7%, excluding the energy sector, are forecasted, supported by the slowdown in labor and material costs. In summary, S&P 500 EPS is expected to grow by 9% this year compared to 2023, and sales by 5%, making the upcoming earnings season an important catalyst for investors. #Activest #EarningsSeason #CorporateResults #EPS #Banks #TechStocks #FinancialSector #Investments #FinancialMarkets #SP500 #JPMorgan #Citi #WellsFargo #NVDA #EconomicGrowth #Investors

Most Outstanding Points of the Week • In the United States, the stress tests applied by the FED to different financial institutions showed that they could face the scenario of a severe recession. • In the United States, the latest revision of the 1Q24 GDP showed that the economy grew 1.4% annualized, slightly better than the previous estimate. • In China, industrial company profits barely managed to grow 0.7% on a monthly basis in May, mainly due to the benefit of higher raw material prices. In line with expectations, the Bank of Mexico left the reference rate unchanged at 11%. Important Events in the Coming Weeks ➢ In the United States, there will be FED minutes and jobs data 07/03 - 05 ➢ In the U.S., there will be a holiday for the celebration of Independence Day 07/04 #Activest #Economy #UnitedStates #FED #StressTests #Recession #GDP #EconomicGrowth #China #IndustrialProfits #RawMaterials #BankOfMexico #InterestRates #UpcomingEvents #FEDMinutes #JobsData #IndependenceDay #Holiday

As we enter the second half of the year, the S&P 500 has gained about 15%, driven by optimism around artificial intelligence (AI), resilient corporate earnings, and potential Federal Reserve rate cuts. Key events for investors to watch include: Quarterly Earnings Reports: S&P 500 earnings are expected to grow by 8.8% in Q2 and 8.2% in Q3, with an annual increase of 11.3% for the entire year 2024. Geopolitical Events: The UK will hold early elections and France will have a second round of parliamentary elections in July. AI Boom: The adoption of AI has significantly boosted markets, with major contributions from tech companies, and the semiconductor sector is projected to grow strongly. Interest Rate Cuts: Central banks, including the Fed, are expected to cut rates due to slower economic growth and inflation, with the Fed potentially cutting 25 basis points in September. US Presidential Elections: The elections in November will feature key debates between Joe Biden and Donald Trump in June and September. Historically, election years have been positive for the market. #Activest #SP500 #ArtificialIntelligence #CorporateEarnings #FederalReserve #EconomicOutlook #Geopolitics #AIBoom #InterestRates #USPresidentialElections #FinancialMarkets #TechSector #Semiconductors #Investing #MarketTrends #2024Outlook

• In the United States, it was a short week for the markets, where the main economic standout was that retail sales for May grew marginally by 0.1%. • In the U.S., several FED officials emphasized the need for more evidence of a decline in inflation before lowering interest rates. • In China, the People's Bank of China left its reference rates unchanged. • In Mexico, the private sector announced the development of new investments for US$42bn during Claudia Sheinbaum's six-year term. Important Events in the Coming Weeks ➢ In the United States, consumer confidence will be published 06/25 ➢ In the U.S., final revision of the 1Q24 GDP to be released 06/2 #Activest #USMarkets #RetailSales #EconomicIndicators #FedOfficials #Inflation #InterestRates #ChinaEconomy #CentralBank #MexicoInvestments #ConsumerConfidence #GDP #EconomicOutlook

So far this year, global central banks have reconsidered the anticipated interest rate cuts due to persistent inflation and economic resilience. The Federal Reserve revised its projections, now expecting only one or two rate cuts by the end of 2024. The European Central Bank made a modest rate cut but maintained a cautious outlook due to ongoing inflation and economic uncertainty. The Bank of England postponed anticipated rate cuts, potentially until the third quarter of the year, despite a significant reduction in overall inflation. Overall, the expected monetary easing cycle has lost momentum, leading central banks to adopt a more cautious and gradual approach to adjusting interest rates to control inflation and meet long-term goals. #Activest #CentralBanks #InterestRates #Inflation #Economy #FederalReserve #Fed #EuropeanCentralBank #ECB #BankOfEngland #BoE #MonetaryPolicy #EconomicProjections #FinancialMarkets #RateCuts #MonetaryEasing #EconomicResilience #EconomicUncertainty

In the US, the FED kept the reference rate range unchanged at 5.25 - 5.5%. On the other hand, it shared its macroeconomic expectations, where it highlighted that now only one 25bp cut could be seen for the remainder of the year, which contrasts with the three cuts expected in March. In the United States, May inflation slowed to 3.3% annually from 3.4% expected and from the previous month. In China, inflation advanced 0.3% annually in May, in line with April's figure. In Mexico, the virtual president-elect, Claudia Sheinbaum, agreed with President López Obrador to immediately open a broad dialogue related to the reform of the Judiciary. Important Events in the Coming Weeks In China, retail sales and industrial production will be published. 06/17 In the U.S., we will know the retail sales and FED members will speak 06/18 #Activest #Fed #InterestRates #USInflation #ChinaEconomy #MexicoEconomy #EconomicUpdate #MarketTrends #GlobalNews #FinanceNews #RetailSales #IndustrialProduction #Retail #FedSpeeches

The Federal Reserve (Fed) opted to keep its target range for the federal funds rate unchanged following the news that inflation in May slowed to 3.3% annually, though it remained unchanged on a monthly basis. Despite the improvement in inflation towards the 2% target, the Fed decided to wait for greater confidence in the sustainability of this improvement before adjusting its monetary policy. However, it revised downward its expectations for cuts to the reference rate for the remainder of the year, anticipating only a 25 basis point cut compared to previous estimates that implied three rate cuts. Fed Chairman Jerome Powell indicated that monetary policy is well positioned and that they would be willing to maintain rates if the economy remains strong and inflation remains high. He emphasized the importance of consistent improvement in inflation before considering further cuts. #Activest #Fed #RateCut #MonetaryPolicy #Economy #Inflation #InterestRates #FederalReserve #EconomicOutlook #FinancialMarkets #JeromePowel

Do you find basic financial concepts challenging? Here's a necessary concept to help you start new goals 💵🔛 #Activest #glossary #finance #financialglossary #investment #whatis

• In the U.S., non-farm payrolls increased by 272,000 jobs, while the unemployment rate rose to 4% from 3.9%. • In the U.S., ahead of the FED's next announcement, the consensus widely discounts that the federal funds rate range will remain unchanged. • In China, May manufacturing activity advanced at its fastest pace in about two years. • Claudia Sheinbaum Pardo, representing the ruling coalition, will be the first female president in 200 years of independent life in the Mexican Republic. Important Events in the Coming Weeks ➢ In the United States, there will be a FED announcement 06/11 - 12 ➢ In China, inflation figures to be released 06/1 #Activest #USJobsm #UnemploymentRate #FedAnnouncement #FederalFundsRate #USEconomy #ChinaManufacturing #ManufacturingGrowth #ChinaEconomy #ClaudiaSheinbaum #MexicoPolitics #HistoricPresident #EconomicEvents #FedUpdate #InflationFigures #GlobalEconomy