Market Commentary — August 15, 2022

The much-awaited CPI inflation report came out last Wednesday, and while CPI is still at a YOY level of 8.5%, it was zero for the month of July, giving investors hope that inflation has peaked.

Market Commentary — August 15, 20222022-08-15T02:22:59+00:00

Market Commentary — August 8, 2022

U.S. equities were mostly higher last week, despite 4 out of the 5 S&P 500 sessions being negative. Growth stocks outperformed value names. Treasuries were weaker with the yield curve flattening in a crazy week that saw the 10-year drop as low at 2.5% before ending the week at 2.8%.

Market Commentary — August 8, 20222022-08-06T18:24:27+00:00

Market Commentary — August 1, 2022

Markets posted solid gains last week as the Fed raised interest rates by another 75 basis (0.75%) points as expected. Second quarter GDP was negative for the second consecutive quarter, coming in at -0.9%. In a "bad news is good news" scenario, investors are betting the Fed will need to be less aggressive going forward with rate hikes to fight inflation.

Market Commentary — August 1, 20222022-07-30T19:20:19+00:00

Market Commentary — July 25, 2022

Signs of a cooling economy and fading inflationary pressures boosted investor sentiment last week. Risk-on assets like small cap and tech outperformed, and consumer discretionary stocks rallied as well.

Market Commentary — July 25, 20222022-07-24T19:27:53+00:00

Market Commentary — July 18, 2022

The big economic news of last week was June's 9.1% consumer price index (CPI) inflation print, which marked the highest increase since 1981. Decomposing the numbers, an 11.2% June jump in gas prices was mostly to blame, which provides some comfort given oil and gas prices have declined in July.

Market Commentary — July 18, 20222022-07-17T16:49:08+00:00

Market Commentary — July 11, 2022

The U.S stock market ended the quarter officially in bear market territory, down more than 20% for the year. While there have been multiple factors causing the market to experience its worst first half of the year, since 1970, the cause can really be synthesized into one word: inflation.

Market Commentary — July 11, 20222022-07-10T00:10:41+00:00

Market Commentary — July 5, 2022

Hope everyone had a great 4th of July, post-quarter-end weekend! While the quarter and year have been somewhat ugly from a market performance standpoint, we in America still have much to be grateful for! Happy 245th birthday USA!

Market Commentary — July 5, 20222022-07-05T01:29:00+00:00

Market Commentary — June 27, 2022

The market is in a new phase where bad news is good news. Signs that inflation is moderating as growth cools, helped stocks to rally this last Juneteenth holiday-shortened week, lifting the S&P 500 out of bear market territory. Nearly every sector rebounded with the exception of Energy, as oil prices continue their retreat off record highs.

Market Commentary — June 27, 20222022-06-25T19:30:15+00:00

Market Commentary — June 20, 2022

After a relief rally on the Fed's three-quarter percent (75 bps) interest rate increase, its most aggressive hike since 1994, stocks sold off on renewed recession fears. The S&P 500 Index suffered its worst weekly decline since March of 2020 and entered bear market territory, down 24% below its January peak.

Market Commentary — June 20, 20222022-06-19T19:03:34+00:00

Market Commentary — June 13, 2022

The market was hoping for some sign that inflation was abating, but instead, the May CPI number of 8.6% came in hotter than expected, even higher than April's 8.3% reading. Core CPI, ex-food, and energy climbed 6% which was also higher than estimated. Going into the week, the Fed was expected to raise interest rates by half a point (50 bps), but after Friday's hot number, some are now pricing in a three-quarter point (75 bps) hike.

Market Commentary — June 13, 20222022-06-11T19:20:37+00:00
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