After a strong July, major U.S. equity indexes retreated slightly yet remained resilient in August. Treasury yields captured the market’s attention for much of the month.
2nd Quarter of 2023 Economic Update
Let’s make it three for the S&P! The second quarter of 2023 was the third consecutive positive quarter for the S&P 500 and the Dow Jones Industrial Average. The Nasdaq 100 was the biggest gainer of the three major indexes in the second quarter, with AI and large-cap tech fueling gains.
Monthly Economic Update: August
The recent market rally showed signs of broadening throughout July, with underappreciated sectors like industrials and transports filling the shopping lists of eager bulls.
Monthly Economic Update: July
If a trader or investor was trying to time the market in March during the regional banking panic, they more than likely would not have participated in the gains we just saw in June! Long-term investors stay the course with discipline.
Monthly Economic Update: March
Stock prices stumbled in February owing to growing worries that the Fed would maintain its tight monetary posture in the face of continuing inflation.
Monthly Economic Update: January
Stocks rallied in January as moderating inflation, a better-than-feared earnings season, and healthy economic data put investors in a buying mood.
What is a Bear Market
For major U.S. stock indexes, a bear market is defined as a 20% decline from its most recent all-time high over a prolonged period of time.
Monthly Economic Update: June
The month began on a solid note as stocks rallied following the Fed’s announcement of a 50-basis-point hike in the federal funds rate. The market was relieved to hear comments from Fed Chair Jerome Powell, who said that a 75-basis-point increase was not actively being considered.
FYI: Gas prices this summer
Americans are already trimming the grocery budget; it now appears the gas budget is next in line.
Monthly Economic Update: April
The month started out with the same anxieties that dragged the stock market lower in January and February: rising bond yields, slowing economic growth, elevated inflation, and Ukraine.