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The PCIA Research Team has been hard at work, poring over the latest market data so that we can deliver our best insights to you. Take a look at the latest report covering what happened in the month of December 2023. You will find quick facts and in-depth details on what has occurred, what that means for you and what’s ahead in the market and economic environment. Download the newest edition of the Month-in-Review below!

Quick Takes

  • Risk Assets Melt Up. Market participants continued right where November left off with almost all major asset classes continuing to melt up for the month of December, locking in a gain for 2023 across the board.
  • Inflation Continued Softening. Inflation, as measured by the Fed’s preferred metric of PCE Deflator, continued to show signs of softening through the month of November, landing at +2.6% versus estimates of +2.8% on the year-over-year metric.
  • Greenback Softens With Inflation. The dollar was largely in a state of decline against other major currencies for the month of December with market participants pricing in future rate cuts.
  • Personal Consumption and Labor Markets. Personal Consumption for the third quarter was revised lower from +3.6% to +3.1%. Labor Markets gave off mixed signals with the Job Openings and Labor Turnover Survey “JOLTS” coming in below expectations of 9.3 million, at 8.7 million for the month of October, but the Unemployment Rate for November came in below expectations of 3.9%, coming in at 3.7%.

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This article is not to be construed as financial advice. It is provided for informational purposes only and it should not be relied upon. It is recommended that you check with your financial advisor, tax professional and legal professionals when making any investment or any change to your retirement plan. Your investments, insurance and savings vehicles should match your risk tolerance and be suitable as well as what’s best for your personal financial situation.

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