On this week’s AHR Market review.
Equity markets continued to etch higher in a week where the Nasdaq joined the equity record club.
The US Commerce Department’s release of the core personal consumption expenditures (PCE) price index was the main focus point of the week for investors.
The latest estimate of US GDP for quarter four 2023 showed the US economy increased at a 3.2% annualised rate last quarter, revised slightly down from the previously reported 3.3% pace.
US equities rose around 1% over the week alongside US technology stocks rising 1.7% as sentiment remains strong following a healthy quarterly earnings season.
In commodities the price of U.S. crude oil topped $80 per barrel on Friday, rising to the highest level in about four months.
That’s all for this week’s AHR Weekly Podcast. Thank you for listening and for further investment insights head over to ahrprivatewealth.com.