Jul 18, 2022 | Market Commentary
Quick Recap The S&P 500 closed at 3,863.16, down 19.46% YTD but up 5.36% over the past month. The VIX fell 8% to 24.27. Inflation rose 9.1% in June, even more than expected, as consumer pressures intensified, largely due to gasoline prices at the pump. The...
Jul 10, 2022 | Market Commentary
“Economic headwinds are increasing; inflation remains problematically elevated and financial conditions are tightening. Asset prices have experienced a sharp decline in the face of rapidly rising interest rates, slowing global growth and greater uncertainty in the...
Jul 7, 2022 | Market Commentary
UK: JOHNSON RESIGNS – WHAT HAPPENS NOW? Populist Prime Minister (PM) Boris Johnson has finally realised that the music has stopped. On the steps of 10 Downing Street this morning, Johnson announced that he would resign as PM and leader of the Conservative Party....
Jun 27, 2022 | Market Commentary
QUICK RECAP Markets had their third positive week in the last 13. Gains were highest in the unusual trio of Health Care, Real Estate and Consumer Discretionary. Commodities fell along with rates as recession fears increased. KEY POINTS The S&P 500 Index closed on...
Jun 13, 2022 | Market Commentary
QUICK RECAP Markets had a tough week. Target and Intel made negative announcements. Later in the week the CPI number came in at the highest level since 1981 and consumer sentiment plummeted. Recession fears are rising. KEY TALKING POINTS The S&P 500 closed at...
May 17, 2022 | Market Commentary
MARKETS RECAP Last week was another dramatic and volatile one. A higher-than-expected inflation reading Wednesday spooked markets, but an even bigger sell-off occurred on Thursday when the S&P 500 briefly dipped to lows below 3,860. On Friday, markets recovered...
