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.
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.
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.
Roller Coaster Market Update
We understand that current events can be a bit overwhelming, and you may feel the need to be proactive. Contact us and we will discuss, but for now we will keep on riding.
February Monthly Economic Update
As investors saw in January, these high-multiple stocks can come under pressure as bond yields trend higher. The reason for this is twofold. First, when rates tick up, it’s more difficult to forecast future earnings. Second, higher rates may increase a firm’s cost of capital.
A 2021 Economic Review
In this 2021 recap: new coronavirus variants prolong the pandemic, but the economy adapts and maintains its strength; inflation pressure mounts and the Federal Reserve decides to adjust monetary policy; the major U.S. stock indexes hit record highs
2021 4th Quarterly Economic Update
In this Q4 recap: U.S. economy confronts a new COVID-19 variant amid continuing inflation and supply chain bottlenecks. Europe institutes new social restrictions in response to a surge in Delta and Omicron variant infections. Investors turn cautious as uncertainties increase.
A Weekly Economic Update
In this week’s recap: Market copes with unpleasant news; Powell surprises, Omicron concerns, and a less than stellar jobs report disappoints.
December Monthly Economic Update
In this month’s recap: Reports of a new COVID-19 variant blindsided markets as a wave of late selling erased the month’s earlier gains.