How we help you

A team of professionals working together to help you set and achieve your one-of-a-kind financial goals

Plan Your Future

Achieve your financial goals through strategic, tailored planning.

Grow Your Wealth

Simplify your financial lifestyle and focus on long-term investing.

Provide for Your Family

Gain confidence that your legacy will be passed down according to your wishes.

Protect Your Business

Get access to resources and knowledge to create a customized plan for your organization.

Market Update

Making Sense: In Brief

Phillip Neuhart, Director of Market and Economic Research, brings you a brief overview of what's coming in the week ahead for markets and the economy.

Making Sense: In Brief video

Making Sense: In Brief

The week ahead for markets and the economy.

Phil: As has been the case for much of the year, last week, investors continued to digest the prospects of higher inflation and aggressive Federal Reserve, as we were reminded during chairman Powell's testimony to Congress and slowing economic growth. Looking to the week ahead, there is a lot in the calendar, so let's highlight a few market moving data points.

First, personal income and spending released on Thursday. This is a great measure of the consumer's health. Investors will want to know not only is income and spending continuing to rise in nominal terms as is expected, but also what is the consumer picture after adjusting for inflation?

Next item, we have a few important releases this week related to manufacturing. First, May's durable goods orders report released on Monday. Whether order flow is solid or weakening is an important indicator for the health of the economy. Order growth is expected to grow month over month.

Second item on the factory front, ISM manufacturing released on Friday. This survey gives a good indication not only manufacturing activity, but also prices paid, i.e., inflation and employment trends. Also on Friday, June’s vehicle sales data. With supply still tight amid a softening economy, what is happening with auto sales? Sales are expected to rebound in June following a decline in May.

Next item, April's Case-Shiller home price data released on Tuesday. With the pace of home sales slowing, but supply still tight, what is happening with home prices? Consensus expects year over year price appreciation to remain over 20%.

So, a few items to watch. One, personal income and spending; two, manufacturing data; and three, home prices.

Making Sense In Brief Outtro Slide

Brent Ciliano

CFA | SVP, Chief Investment Officer

Capital Management Group | First Citizens Bank

8510 Colonnade Center Drive | Raleigh, NC 27615

brent.ciliano@firstcitizens.com | 919-716-2650

Phillip Neuhart SVP, Director of Market and Economic Research

Capital Management Group | First Citizens Bank

8510 Colonnade Center Drive | Raleigh, NC 27615

phillip.neuhart@firstcitizens.com | 919-716-2403

Disclosures

The views expressed are those of the author(s) at the time of writing and are subject to change without notice. First Citizens does not assume any liability for losses that may result from the information in this piece. This is intended for general educational and informational purposes only and should not be viewed as investment advice or recommendation for a security, investment product or personal investment advice.

Your investments in securities, annuities and insurance are not insured by the FDIC or any other federal government agency and may lose value. They are not a deposit or other obligation of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amount invested. Past performance does not guarantee future results.

First Citizens Wealth Management is a registered trademark of First Citizens BancShares, Inc. First Citizens Wealth Management products and services are offered by First-Citizens Bank & Trust Company, Member FDIC; First Citizens Investor Services, Inc., Member FINRA/SIPC, an SEC-registered broker-dealer and investment advisor; and First Citizens Asset Management, Inc., an SEC-registered investment advisor.

Brokerage and investment advisory services are offered through First Citizens Investor Services, Inc., Member FINRA/SIPC. First Citizens Asset Management, Inc. provides investment advisory services.

Bank deposit products are offered by First Citizens Bank, Member FDIC.

Webinar Series

Making Sense: A Market Update

Join Brent Ciliano, First Citizens Chief Investment Officer, and Phillip Neuhart, First Citizens Director of Market and Economic Research, as they discuss what's going on in the markets and the economy.

July Highlights

icon: lib-0024-calendar-month-day-planner-events Wednesday, July 27
icon: lib-0029-time-watch-clock-wall 12 pm ET

June Highlights Replay

View a replay of the June 22 webinar.

Expert Analysis

Market Commentary

MoneyGuidePro®

View your financial plan at a glance

Adjust goals to see different scenario outcomes

Collaborate with your financial partner

MoneyGuidePro®

View your financial plan at a glance

MoneyGuidePro®

Adjust goals to see different scenario outcomes

MoneyGuidePro®

Collaborate with your financial partner

Investment Management

Build an investment plan that lasts

We keep an eye on your long-term goals and avoid trends that come and go.
Teen Cancer America

Donate to make a difference

Together we can transform lives.
Insights

Financial insights for your personal life and business

No results found

This information is provided for educational purposes only and should not be relied on or interpreted as accounting, financial planning, investment, legal or tax advice. First Citizens Bank (or its affiliates) neither endorses nor guarantees this information, and encourages you to consult a professional for advice applicable to your specific situation.

View our firm's Customer Relationship Summary (PDF).

Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website.

First Citizens Wealth Management utilizes MoneyGuidePro as its Financial Planning Tool. MoneyGuidePro and Play Zone® are registered trademarks of PIEtech℠. All screenshots are ©PIEtech℠. Reproduced with permission. All rights reserved.

Your investments in securities, annuities and insurance are not insured by the FDIC or any other federal government agency and may lose value. They are not a deposit or other obligation of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amount invested. Past performance does not guarantee future results.

First Citizens Wealth Management is a registered trademark of First Citizens BancShares, Inc. First Citizens Wealth Management products and services are offered by First-Citizens Bank & Trust Company, Member FDIC; First Citizens Investor Services, Inc., Member FINRA and SIPC, an SEC-registered broker-dealer and investment advisor; and First Citizens Asset Management, Inc., an SEC-registered investment advisor.

Brokerage and investment advisory services are offered through First Citizens Investor Services, Inc., Member FINRA and SIPC. First Citizens Asset Management, Inc. provides investment advisory services.

Bank deposit products are offered by First Citizens Bank, Member FDIC.