🌿 Week 25 – Market Recap - Week ended June 21, 2024🌿
Hi Copiers,
The Dow climbed more than 1% and the S&P 500 and the NASDAQ100 posted fractional gains and recorded their eighth positive week. Next a comparison of our performance versus our three benchmarks for the week:
📈 $DJ30 +1.45%
📈 EstherEmilia +1.08%
📈 $SPX500 +0.61%
📈 $NSDQ100 +0.22%
Let us review a brief market recap for the week:
🌿 The U.S. crude oil prices rose for the second week in a row, climbing above the $80-per-barrel level for just the second time since late April. On Friday afternoon, oil was trading around $81 up from a recent low of less than $73 on June 5.
🌿 The U.S. retail sales fell short of expectations in May, barely rising from the prior month’s figure. Sales rose 0.1% in May after recording a 0.2% decline in April. In contrast, sales rose 0.6% and 0.9% in March and February, respectively.
🌿 High mortgage rates appear to be weighing on the U.S. housing market, as sales of previously owned homes fell for the third month in a row. The sales of existing homes fell 0.7% in May to a seasonally adjusted annual rate of 4.11 million.
🌿 The United Kingdom’s central bank held its key lending rate at 5.25% for the seventh straight meeting, although policymakers signaled that they could cut rates in coming months. The Bank of England in contrast with the European Central Bank, which lowered its key rate on June 6. $UK100
💰 Our portfolio received eight dividend payments during week from:
✔️ $CWEN (Clearway Energy Inc)
✔️ $GOGL.US (Golden Ocean Group Ltd)
✔️ $GOLD.BARRICK (Barrick Gold)
✔️ MCD
✔️ NEE
✔️ IPG
✔️ LIN
✔️ WM
💡Please remember that discipline is about choosing between what you want now and what you want most. Growth isn´t meant to feel comfortable.
Invest Consciously!
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