January and early February often bring mini-economic corrections to the excesses at the tail-end of the previous year. Layoffs are generally concentrated in November and December so that businesses can start January with a “clean slate” for the new business plan — and sometimes new hiring to go with it. At the beginning of last week, we believed NVIDIA earnings were the biggest development coming, and they did not disappoint. They reported a strong Q4, with earnings up nearly 5x year over year. The company also increased its full-year guidance on robust demand for its chips, which are used in artificial intelligence applications amongst other end markets. Last week, Walmart noted that consumers were being more cautious in their spending, potentially reducing consumption of discretionary items. The Investment Office is watching the consumer carefully. On the wealth planning front, we provide some legislative and tax updates.
Click Here to Read the February 26, 2024, Economic Commentary
Click Here to Read the February 26, 2024, Investment Commentary
Click Here to Read the February 26, 2024, Wealth Planning Commentary
