Apr 24, 2023 | Uncategorized
Despite breaking news during the First Quarter of another possible financial crisis, equity markets remained resilient and closedout the last week of the quarter on a positive note. All three benchmarks, Dow Jones Industrial Average (DJIA), S&P 500 andNASDAQ,...
Jan 13, 2023 | Uncategorized
U.S. equity markets closed out 2022 at the lower end of our Dow Jones Industrial Average (DJIA) target range of 33,000 to34,500 resulting in a return of -7% for the tumultuous year. Given the 2022 close and the expectation of revisiting 2022 highs inthe latter part of...
Oct 19, 2022 | Uncategorized
Recession concerns continued to stalk capital markets throughout the Third Quarter after a difficult first half of the year despitesoftening inflation data. A Consumer Price Index (CPI) spike of 9.1% in June was followed by a relatively lower July reading of8.5%. This...
Jul 18, 2022 | Uncategorized
Let us begin by briefly reflecting on the point that contributed to the worst first half of a year for equity markets since 1972. The May inflation reading of 8.6% exceeded expectations and caused a swift reaction from the Federal Reserve. The 75-bps rate increase...
Apr 18, 2022 | Uncategorized
Equity markets navigated a partial recovery from recent lows as the First Quarter closed in the red. The S&P 500 was down4.6% as global concerns continue to cast an ominous shadow on capital markets. In addition to lingering reports on the status ofCOVID-19 cases,...
