Edward Jones - Financial Advisor: Dana Thompson

2023 is over, and so too is the stock market's winning streak. After nine straight weeks of gains, the S&P 500 finally took a breather, falling slightly last week.

We'd chalk it up primarily to some beginning-of-the-year repositioning, as well as a to-be-expected break after a stellar 16% rally in the final two months of the year.

Last week brought fresh data on both the Fed and the labor market, and while it failed to fuel an extension to stocks' winning streak, we don't think it changes the broader direction as markets embark on their encore to last year's rebound.

In our latest Weekly Market Wrap, we share a few takeaways on how these important factors are kicking off 2024.

Weekly market wrap A summary of last week's market highlights and economic news.

2023 started with depressed expectations and fears of a recession but ended with optimism and strong performance across most asset classes that make up a well-diversified portfolio.

The change of the calendar presents an opportunity to reflect and review some of the milestones that defined the economy and the markets over the past 12 months, along with our views on the potential implications for 2024.

Read more in our Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

It was generally a quiet week for the markets in terms of headlines and new data, with markets oscillating day to day, but finishing with a modest move for the week. It's been anything but a quiet year, however.

We think 2024 can build on this year's gains, but not without some bumps along the way. But before we turn the page on the calendar, let's look back at how 2023 stacks up against history. Spoiler: it's in good company. Read more in our latest Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

Last week's December Federal Open Market Committee (FOMC) meeting proved to be a pivotal one for markets. We highlight three key takeaways that the markets cheered.

Weekly market wrap A summary of last week's market highlights and economic news.

With a few weeks left of 2023, markets remain on track for a strong finish. As the torch passes to 2024, investors are counting on a successful Fed pivot away from restrictive policy to a more neutral stance to build on this year's gains.

In our latest Weekly Market Wrap, we offer three reasons why we see a gradual shift in Fed policy ahead.

Weekly market wrap A summary of last week's market highlights and economic news.

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Stocks have been on a comeback tour in 2023, mounting a nearly 20% gain so far this year after a lousy 2022. The latest leg of that tour has been particularly enthusiastic with the market having just closed the books on a banner November.

With stocks now near their highs for the year, this week's Weekly Market Wrap looks at the recent strong performance and why we think the market can maintain good posture next year.

Weekly market wrap A summary of last week's market highlights and economic news.

This past week brought our holiday opportunity to focus on the things we're thankful for. Thanksgiving also marks a turn into the homestretch for the year, so we've dished up a few holiday perspectives on market performance that help set the table for the year ahead.

Weekly market wrap A summary of last week's market highlights and economic news.

Use Online Access to help get ahead of the year-end organization curve. Sign up today to receive electronic copies of your statements, tax forms and other documents. You can also share documents with your Edward Jones team and third parties, like your tax preparer.

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Much like finding the perfect water temperature for a relaxing bath, navigating the incoming economic data in markets requires a delicate balance. Too hot, and there is a risk of economic overheating that pushes inflation higher triggering a Fed response. Too cold, and the markets may freeze as recessionary concerns resurface.

So far in November, the temperature has been just right, helping stocks reach a two-month high and placing the October correction in the rear-view mirror.

Ideal conditions don't last forever. But, in our latest Weekly Market Wrap, we share three reasons why the fundamental drivers are broadly moving in a direction we believe supports a positive outlook in 2024.

Weekly market wrap A summary of last week's market highlights and economic news.

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As the year winds down, how do you feel about your financial strategy? If you decide to make some moves, here are some strategies to consider before the new year arrives.

Year-end moves for your financial strategy As 2023 winds down, how do you feel about your financial situation? Check out these year-end moves to help keep your strategy on track.

Holiday cheer or drear? As we head into year-end and holiday shopping season, there are questions as to whether the consumer can continue to spend at the same robust pace in the months ahead.

In our latest Weekly Market Wrap, we look at three factors that suggest some slowing in consumption ahead, although perhaps not consumers completely shutting down their spending habit.

Weekly market wrap A summary of last week's market highlights and economic news.

Stocks have been under pressure for much of the last two months as rising rates have weighed on stock and bond market performance. Last week brought some welcome relief with stocks rallying amid a drop in bond yields.

We don't think it's smooth sailing from here, but we continue to hold the view that the recent market correction isn't the beginning of something more sinister or prolonged.

Read more in our latest Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

Stocks edged close to correction territory last week, down nearly 10% from their peak in late July. A renewed rise in government bond yields and mixed earnings reports from mega-cap tech were the sparks for the S&P 500 to hit its lowest point in five months.

Is the recent market turbulence part of an uncomfortable but normal correction, or the start of something bigger?

Weekly market wrap A summary of last week's market highlights and economic news.

It may be the “spooky” time of year, but we believe strong technology is essential for strengthening your account security. We offer features like secure sign-in on your desktop or with our app, secure messaging with your Edward Jones team and two-step authentication when you sign in.

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This past week, markets remained on edge as Treasury bond yields continued their march higher. The 10-year yield is getting particular attention as it nears 5%, a level last seen in 2007.

How high can it go? Our latest Weekly Market Update analyzes the rapid rise.

Weekly market wrap A summary of last week's market highlights and economic news.

What happened to goldilocks? We share three hot takeaways from last week's cold market in our latest Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

This week closed the books on a challenging third quarter for the markets. That said, we think there are a few notable conditions that could support the prospects for a fourth-quarter comeback.

In our latest Weekly Market Wrap, we look at the relationship between stocks and rates and what they might signal about 2023's homestretch for financial markets.

Weekly market wrap A summary of last week's market highlights and economic news.

The Federal Reserve held its September meeting this past week, and the message from Jerome Powell was clear: The Fed will continue to keep rates at elevated levels until inflation moves more convincingly towards 2.0%.

In our view, while Powell and team may continue to signal that they are not done raising rates, there may be a confluence of factors that keep them on the sidelines. Read more in our latest Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

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For most of 2023 so far, investors have gotten the best of both worlds as it relates to the evolving macroeconomic backdrop – above trend economic growth supported by a resilient consumer, and still-high but steadily declining inflation. However more recently, there have been signs that this dynamic is gradually starting to change as the rally in energy prices is leaving a mark on consumer prices and spending.

In our latest weekly market wrap, we offer the following perspective on what last week's uptick in headline CPI and slowdown in retail sales may mean for the Fed and the markets.

Weekly market wrap A summary of last week's market highlights and economic news.

There's been plenty of motion to evaluate of late, but if we boil it down, there are two primary factors quarterbacking the financial markets: the labor market and inflation.

That said, in our latest Weekly Market Wrap, we highlight a few trends playing out that, while getting less fanfare at the moment, we believe offer additional signals about the state of the market.

Weekly market wrap A summary of last week's market highlights and economic news.

This past week investors digested key datapoints around the U.S. jobs market, all of which presented a unified message: There are early signs of softening in the labor market ahead. While one month does not make a trend, the consistency of the data recently points to a labor market that may be coming back to earth after an extended period of elevated tightness.

We share two important implications of a potentially cooling labor market and more key takeaways in our latest Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.

In a short and pointed speech last year, Federal Reserve Chair Jerome Powell dashed hopes for a swift end to the Fed's rate hikes. This year, the message was still hawkish but more balanced, highlighting data dependency and keeping options open.

In our latest Weekly Market Wrap, we share three key takeaways from the widely anticipated speech, along with our perspective on how the economic and market backdrop has evolved.

Weekly market wrap A summary of last week's market highlights and economic news.

After a steady rally from March through July, the market's mood has shifted more recently, with stocks falling last week, continuing what has been a rather weak August so far. Enthusiasm around a resilient economy, moderating inflation and artificial intelligence is not gone, but it has been countered by global growth concerns and a leg higher in interest rates of late.

In our latest Weekly Market Wrap, we look at three key trends that have taken shape in August and what they may signal about the market's path over the remainder of the year.

Weekly market wrap A summary of last week's market highlights and economic news.

This is back-to-school time for many. Whether those days are far behind or you have future educations to save for, the tools and calculators in our Goals section can help you plan for what's next.

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After a remarkably strong rally to start the year, markets have given back a bit in August thus far, with the S&P 500 down around 3% since its recent high on July 31. Underneath the surface, however, we see the Nasdaq is down over 4.0% during this period, and the "Magnificent 7" large-cap stocks are down over 5.0%.

The parts of the market that have led the way higher are now perhaps taking a breather, which we view as a healthy development as investors digest outsized gains. Take a closer look at the rest of our key takeaways in our latest Weekly Market Wrap.

Weekly market wrap A summary of last week's market highlights and economic news.