It seems that the Fed might be nearing the end of its tightening cycle-or perhaps it’s already there. The latest inflation report raised a few eyebrows, coming in a bit higher than expected. However, it didn’t exactly rock the boat, and most investors seem to believe that Fed Chair Jerome Powell will maintain the status […]
Weekly Client Letter – September 18, 2023 Read More »
Last Week’s Summary S&P 500 Index fell 0.12% International Equities rose 1.71% Emerging Markets rose 1.26% U.S. 10-Year Treasury Yield rose to 4.33% CPI rose to 3.7%; Core fell to 4.3% Initial Jobless Claims rose to 220k PPI rose to 1.6%; Core fell to 2.2% U. of Mich. Sentiment fell to 67.7 What to Watch
Market Summary – September 18, 2023 Read More »
If you were to guess whether the S&P 500 was up, down, or flat from two years ago today, what would you guess? Many might be surprised to find out that it is flat! It might be hard to believe because from what we observe day to day, the market has been on a wild
Weekly Client Letter – September 11, 2023 Read More »
Last Week’s Summary S&P 500 Index fell 1.26% International Equities fell 1.40% Emerging Markets fell 1.17% U.S. 10-Year Treasury Yield rose to 4.26% Initial Jobless Claims fell to 216k Durable Goods Orders fell 5.2% Factory Orders fell 2.1% What to Watch for This Week M, 9/11/23 NY Fed 1-Yr. Inflation Expectations W, 9/13/23 CPI, CPI
Market Summary – September 11, 2023 Read More »
Last Week’s Summary S&P 500 Index rose 2.55% International Equities rose 2.38% Emerging Markets rose 1.52% U.S. 10-Year Treasury Yield fell to 4.18% Q2 GDP was revised to 2.1% PCE Core Deflator rose to 4.2% Nonfarm Payrolls increased by 187k What to Watch for This Week M, 9/4/23 U.S. markets are closed for Labor Day
Market Summary – September 5, 2023 Read More »
In the current phase of the Fed’s rate hike cycle, interest rates are hitting levels not seen in a decade, with cash yielding a solid 5%. It might seem enticing to park your investments in cash, especially given the lofty valuations in riskier assets. However, history teaches us a valuable lesson – veering away from
Weekly Client Letter – September 5, 2023 Read More »
Last Week’s Summary S&P 500 Index rose 0.84% International Equities rose 0.05% Emerging Markets rose 0.74% U.S. 10-Year Treasury Yield fell to 4.23% Initial Jobless Claims fell to 230k U. of Mich. Sentiment fell to 69.5 U. of Mich. 1 Yr. Inflation rose to 3.5% What to Watch for This Week M, 8/28/23 Dallas Fed
Market Summary – August 28, 2023 Read More »
Higher rates are making bonds and other income-generating investments look pretty enticing. Some of these yields haven’t been this good in over a decade. It sounds like a win-win, right? Investors should be cheering about the boost in interest income. But wait, there’s a plot twist. Rising interest rates aren’t just bringing more interest income
Weekly Client Letter – August 28, 2023 Read More »
Last Week’s Summary S&P 500 Index fell 2.05% International Equities fell 3.33% Emerging Markets fell 3.28% U.S. 10-Year Treasury Yield rose to 4.25% Initial Jobless Claims fell to 239k Retail Sales Advance rose to 0.7% What to Watch for This Week T, 8/22/23 Existing Home Sales W, 8/23/23 MBA Mortgage Applications, S&P Global US Manufacturing
Market Summary – August 21, 2023 Read More »
Last Week’s Summary S&P 500 Index fell 0.27% International Equities fell 0.87% Emerging Markets fell 1.93% U.S. 10-Year Treasury Yield rose to 4.17% Initial Jobless Claims rose to 248k CPI rose to 3.2%; Core fell to 4.7% PPI rose to 0.8%; Core remained flat at 2.4% What to Watch for This Week T, 8/15/23 Retail
Market Summary – August 14, 2023 Read More »
