It was refreshing to get a glimpse of positive sentiment as we closed out the second quarter at the top of our Dow JonesIndustrial Average (DJIA) trading range of 33,000 to 34,500. Improving sentiment and the focus on Artificial Intelligence (AI)were driving factors...
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,...
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...
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...
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...
