August 2022
The stock market has reacted very negatively to Fed Chairman Jerome Powell’s hawkish interest rate outlook, with the S&P declining by roughly 6% over the last 4 days.  Weaker economic data and declining commodity prices gave market participants hope that the Fed might pivot, pointing to less rate hikes, but Powell talked a tough game,...
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For those of you that have been reading this newsletter, you’ll know that we have been writing about why most bonds have made so little sense to invest in over the last few years, given the historically low yields and risks from higher rates and inflation, which has now come to fruition.  The average bond...
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Markets have had a nice rally since the mid-June lows, as signs that inflation has peaked have investors a bit more optimistic that the Federal Reserve won’t have to raise rates as far.  I’m definitely in the camp that the inflation growth rate has peaked and the signs of it are quite pervasive.  With that...
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Today’s CPI report was very positive, coming in lower than expected.  This is very good news, if this trend continues the Federal Reserve might slow down on its rate hikes.  In addition, Friday’s July employment numbers were better than expected, although new unemployment claims are starting to rise, as companies are ramping up layoffs in...
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