Our #marketintelligence weekly video is live! Check it out for everything you need to know about what drove #markets last week, and what's coming up in the week ahead, all in ~5 minutes!
Core #PCE (the #Fed's preferred #inflation gauge) came in at 2.8% year-over-year. Not bad, but the last three months has seen some firming. This week we have the U.S. #ISM, the #JOLTS report, and end the week with the monthly #jobs report. We recap Q1 which was defined by the momentum factor (which emphasizes stocks that that were up the most over the prior 6-12 months). Momentum loves low volatility uptrends and does not like market rotations or volatility. We will see if it can keep up, if the market environment changes. John Hancock Investment Management