Weekly Macro Minute

Share:
GuideStone Capital Management Weekly Macro Minute

GuideStone® was originally established in 1918 to provide financial support and assistance for retired pastors and widows. Today, we continue to carry out that mission through the ministry of Mission:Dignity®. Here’s an encouraging devotional from one of our recipients:

Icon of a Bible
Icon of a BibleFinding My Spiritual Blessings

Ephesians 1:3-8 (KJV)

Richard T. Wilkins authored this issue’s devotional. He served the Lord for alongside his wife, Barbara, for 62 years.

In Ephesians 1:3 (KJV), we see that those who follow Christ are promised “all spiritual blessings in heavenly places.

So, I asked God what those blessings were. He prompted me to underline every verb in this epistle, for this is where he is at work. I found about 30 in the first three chapters!

You can make your own list, but these are the blessings I found in Ephesians 1:3-8.

Praise the God and Father of our Lord Jesus Christ, who has blessed us in Christ with every spiritual blessing in the heavens. For He chose us in Him, before the foundation of the world, to be holy and blameless in His sight. In love He predestined us to be adopted through Jesus Christ for Himself, according to His favor and will, to the praise of His glorious grace that He favored us with in the Beloved. Ephesians 1:3-6 (HCSB)

In verse four, I am chosen to be holy and blameless before the Father. Verse five says I am predestined in love to be adopted by the good pleasure of his will. And in verse six, I am bestowed with the glory of his grace. Each of these verbs can be applied to your own spiritual life!

We have redemption in Him through His blood, the forgiveness of our trespasses, according to the riches of His grace that He lavished on us with all wisdom and understanding. Ephesians 1:7-8 (HCSB)

In verses seven and eight, I have redemption through Jesus’ blood, and forgiveness and grace have been lavished on me. These generous gifts — blessings — go on and on.

Take a look at these verses through your own lens this week. How has God blessed you, and what will you do with those blessings?

Want more devotionals? Our 40-day devotional book written by our Mission:Dignity recipients is available to order here.

The 2024 GuideStone Faith-Based Investing Impact Report is here!

See how Christian investing is transforming the world. Read Now.

Across the Markets

Equities retreat after recent gains
  • S&P 500® fell 2.4% and the Russell 2000® sank 3.3%.
  • This was the worst weekly performance for major indexes since spring.
Treasuries firm as investors seek safety
  • 10-year yield fell eight basis points to 4.03% after recent highs above 4.25%.
  • Flight-to-quality flows supported bond prices.
Dollar strengthens on global concerns
  • The U.S. dollar was up for the week, continuing its strong upward trend amid global growth concerns.
Oil slides on supply and demand shifts
  • WTI crude fell 3.3% to below $60/barrel, the lowest since early May.
Gold breaks $4,000 on safe-haven demand
  • Gold rose 2.3%, marking its eighth straight weekly gain.
Europe pulls back on growth worries
  • Political turmoil in France and trade tensions weighed on sentiment.
Eurozone data disappoints
  • Germany’s industrial output fell 4.3%; UK housing softened.
  • France’s PM resigned, prompting calls for new elections.
Japan rallies on leadership change
  • Equities rose after Takaichi won the Liberal Democratic Party leadership.
  • Stimulus expectations lifted equities; yen hit a multiyear low.
  • Coalition instability may delay Bank of Japan rate hikes despite inflation.
China reopens with mixed signals
  • Holiday spending data showed tepid consumer demand.

In the Economy

Shutdown delays key data releases
  • Employment, trade, and jobless claims reports postponed.
  • The Consumer Price Index report is still scheduled for October 24, ahead of the Federal Reserve’s October 28–29 meeting.
Fed minutes reveal policy divide
  • Most officials supported the September rate cut to 4.00–4.25% amid labor concerns.
  • Inflation risks remain; some favored holding rates steady.
Consumer sentiment holds steady
  • The University of Michigan Consumer Sentiment Index came in at 55.0, unchanged from September.
Trade tensions escalate
  • President Trump announced 100% tariffs on Chinese imports and new export controls.
  • The move added uncertainty to U.S.-China negotiations and global supply chains.

Subscribe to the Weekly Macro Minute

The 2024 GuideStone Faith-Based Investing Impact Report is here!

See how Christian investing is transforming the world.

This information is prepared by GuideStone Capital Management, LLC®, a controlled affiliate of GuideStone Financial Resources®. This material is provided for educational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities. Diversification is not a guarantee against loss. This information does not represent any GuideStone® product. Special risks are inherent in international investing, including those related to currency fluctuations and foreign, political and economic events.

The material represented has been obtained from sources we consider reliable, but which we cannot guarantee. It is subject to change without notice and is not intended to influence your investment decisions. This information discusses general market activity, industry or sector trends or other broad-based economic, market or political conditions and should not be construed as research or investment advice.

All indices are unmanaged and not available for direct investment. Index performance assumes no taxes, transaction costs, fees or expenses. Past performance does not guarantee future results.

The S&P 500® Index is a market capitalization-weighted equity index composed of approximately 500 U.S. companies representing all major industries. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of its constituents. “Standard & Poor’s®”, “S&P 500®”, “Standard & Poor’s 500” and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by GuideStone.

The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe and is a subset of the Russell 3000 Index, representing approximately 10% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. The index is completely reconstituted annually to ensure that larger stocks do not distort the performance and characteristics of the actual small-cap opportunity set. Frank Russell Company ("Russell") is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. "Russell®" is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and/or Russell ratings and/or underlying data and no party may rely on any Russell Indexes and/or Russell ratings and/or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell's express written consent. Russell does not promote, sponsor or endorse the content of this communication. Index used with permission. It is not possible to invest directly in an index.

The West Texas Intermediate (WTI) Crude Oil Index is a benchmark in oil pricing, representing the price of oil extracted in the United States, primarily from Texas and surrounding areas. WTI is widely used in the oil futures market for trading and contract settlements. The Index reflects the spot and futures prices for WTI crude oil as traded on the New York Mercantile Exchanges (NYMEX).

The University of Michigan Consumer Sentiment Index (MCSI) measures consumer attitudes about the economy, personal finances, and business conditions. The Index is a monthly survey that provides insights into how consumers expect the economy to change in the future.

The Consumer Price Index (CPI) is published by the U.S. Bureau of Labor Statistics (BLS) as a measure of the monthly change in prices paid by U.S. consumers. The BLS calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending.