OPEC announced cuts of roughly 1.6 million barrels per day

Last week, most major markets ended lower except for the Dow Jones, which benefited from its narrow exposure to Blue Chip Stocks. Large Cap Growth managed to eke out a slight gain, but Small and Mid-Cap rows saw significantly lower returns. OPEC announced cuts of roughly 1.6 million barrels per day, leading to a surge in crude oil prices and the S&P GSCI Crude Oil Index returning to positive territory for the year. The week also saw a number of employment-related economic reports, indicating emerging weakness in the labor market. The Job Openings report showed the lowest reading since June 2021, and the BLS Employment Report showed the lowest monthly increase in the last 27 months. Leap Wealth Management is here for all your needs. Contact us to see how we can help you. www.leapwealth.com