news & insights
As part of our proactive communications to keep you well-informed, we will post news and commentaries here on issues we believe you’ll be interested in. Feel free to contact us to discuss any of these topics.
January 30, 2023 | Week Ahead
Week Ahead: As Goes January, So Goes The Year - It's Looking Good
Wall Street has an old adage: “As goes January, so goes the year” – which means that: if the January return in the equity market is positive, the full year will be positive, but if the month is negative, expect a negative return on the year. Need proof? Just look at 2022.
January 23, 2023 | Week Ahead
Week Ahead: Focus on PCE and GDP
As last week’s earnings and market data was mixed – delivering good news and bad news – the S&P 500 continues to test resistance at 4000 level despite the recent improvement in market breadth (i.e., the number of stocks advancing relative to those that are declining). What was that mixed bag of news?
January 17, 2023 | Week Ahead
This Week: Markets Cheer CPI Data
Last week’s CPI report came in as expected and the markets cheered. Although the level is still elevated at 6.5%, on a year-to-year basis, it does appear that CPI has peaked. As a result, markets will focus on the future direction of inflation, and we see that the bond market is already voting that inflation will be coming down.
January 10, 2023 | News
December 2023 Chart Book
In the December edition of the Chart Book, Managing Director and Head of Advisor Solutions Richard Williams breaks down the month’s economic data to close out 2022. Highlights included an increase in consumer spending which coincided with weakening in manufacturing and housing indicators.
January 3, 2023 | Week Ahead
This Week: Welcome 2023!
Last year is now in the history books and will be remembered (not fondly) for its Bear market in both stocks and bonds and the Fed’s warpath approach to fighting inflation by taking the Fed Funds rate from the zero-bound to 4.50%. Markets responded – as they should – by going down, down, down.
December 19, 2022 | Week Ahead
This Week: More Data, No Problem
This week we’ll see several key economic reports, including the PCE (Personal Consumption Expenditures) Price Index, housing starts and home sales, consumer spending and consumer confidence, and jobless claims. All important reports – but none that will move the needle on our above discussion points about what lies ahead.
