Market Update: July 7, 2023
Not a lot has changed in the market over the last week, although we had a pretty nasty 80% down day yesterday. Volume was low however, despite the fact that a lot of stocks were down.
Market Update: June 2, 2023
The indices have taken off so far in 2023. But returns are not what they seem beneath the surface.
Market Update: May 19, 2023
S&P 500 breaks out and year-to-date returns look healthy. But there is still a lot of weakness underneath the surface.
Market Update: May 12, 2023
Ignore the 4.9% year-over-year inflation rate. The month-over-month rate is the best measure of current inflation and it remains stubbornly high. Recession or not, volatility likely still lingers because small caps continue to underperform.
Market Update: April 28, 2023
The stress in the financial sector has not receded. But earnings so far, are coming in better than expected for the first quarter of 2023.
Market Update: April 21, 2023
Mixed signals continue to baffle market strategists as the market awaits clear direction from either the bulls or the bears.
Market Update: April 14, 2023
Inflation eases, banking failures subside, and recession fears ease. But the odds of more rate hikes continue to increase.
Market Update: March 31, 2023
Bank failures, high inflation, possible recession… Yet the S&P 500 is actually showing fairly strong price action. What’s going on?
Market Update: March 17, 2023
Continued volatility in the banking industry caused by a new bank failure and a rush to stabilize the regional banking industry. What is the Bank Term Funding Program and what did that do to the Federal Reserve Balance Sheet?