A monthly column on topics that matter.
Markets Still Ignoring Inverted Yield Curve
If you consider yourself an educated investor, there are two things you may already know about an inverted yield curve. First, it describes a period in which short-term bonds offer higher interest rates than longer-term bonds. Second, it has historically
Narrow rally hardly bearish
It’s a poorly kept secret that the stock market’s year-to-date gains, as attractive as they may be, are due to an especially small number of companies. Through the first half of June, more than 90% of the S&P 500’s return
Fed hikes are (probably) done. Now what?
It’s not official yet, but it sure seems likely that Jerome Powell and the Federal Reserve have reached the end of their rate-hiking cycle.
Stock rally raises the bar for earnings
Stocks offered cold comfort to investors last year, but equity markets have begun to thaw as inflation pressures slowly subside and the Fed inches closer to the end of its rate-hiking cycle.
Rising rates, bank failures weigh on investors’ psyche
Psychology can have a much greater influence on financial markets than one might expect.
Despite Fed’s best punch, U.S. economy still standing
The U.S. Federal Reserve has come a long way since its chairman, Jerome Powell, dismissed inflation as “transitory” nearly three years ago. To their credit, Powell and the Fed governors eventually confronted that massive miscalculation and have spent the last
Value stocks still valuable after strong year
It was a long time coming for value stocks. The Russell 1000 Value index fell 10% in 2022 compared to a 19.4% drop for the S&P 500 and a 30% loss for the Russell 1000 Growth index. Yes, it was
Believe it or not, inflation has a bright side
None of us need to be reminded of high inflation or the laundry list of challenges that come with it. While the latest Consumer Price Index (CPI) has fallen to 7.1%, the cost-of-living for Americans is still increasing at the
Bond funds have never looked so bad
Imagine the following scenario: A husband and wife sit down with their financial adviser for a regular review meeting. The discussion includes a summary of recent performance, during which the adviser informs the couple that they have lost nearly 15%