Market Recap – October 24, 2022

Market Recap – October 24, 2022

 Stock prices were up this past week even as interest rates also were higher, adding to the conflicting signs of a stronger economy and possibly slowing inflation pressures. This is a good reminder for staying invested as we work through the cyclical “Bear Market”. ...
Market Recap – October 24, 2022

Market Recap – October 17, 2022

“Evidence of falling inflation is everywhere except in the inflation data.” (Ian Shepherdson) Almost every indicator other than the CPI suggests that inflationary pressures are easing.  September’s CPI inflation reported last Thursday showed another new...
Market Recap – October 24, 2022

Market Recap – October 10, 2022

October 3rd’s new jobs report contained both good and bad news for financial markets. Meanwhile we are 10 months into a cyclical “Bear Market” which on average lasts one year.  Labor markets are cooling and likely to weaken further. 263,000 new jobs is positive...
Market Recap – October 24, 2022

Market Recap – October 3, 2022

 The Fed said it intends to raise its Fed Funds rate another 1.25% before the end of 2022. What impact do we expect this will have on the U.S. economy and financial markets?  The Fed’s goal is to bring down inflation by reducing “aggregate demand” (spending by...
Market Recap – October 24, 2022

Market Recap – September 26, 2022

The Fed is resolute in bringing inflation back to its annual target of 2% and announced a 75 bp increase in Fed Funds last week and signaled another 75 bp increase in November with a 50 bp increase in December.  Fed Chair Powell in last Wednesday’s post-FOMC meeting...