The Blog

19 May

Stronger Data Bodes Well for Second Half Recovery

May 19th, 2023 Stocks notched a winning week as economic data continued to shine in spite of a last minute halt to debt ceiling negotiations. Despite still elevated prices and high borrowing costs, consumers were back to spending once again. April retail sales posted their first positive month-to-month print since January, led by discretionary spending…

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12 May

Markets Drift Lower While Debt Ceiling Theatrics Wait in the Wings

May 12th, 2023 Markets Drift Lower While Debt Ceiling Theatrics Wait in Wings Below is a summary of the news and events driving the market and the economy over this past week. Regional Banks Continue to Unnerve Markets: Stocks struggled to move higher for the second consecutive week as investors weighed regional bank concerns against a…

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05 May

Fed Sticks to Script

May 5th, 2023 The Dow Jones Industrial Average rallied 500+ points on Friday on better-than-expected results from tech juggernaut Apple and as regional bank shares climbed off their recent lows. Despite the move, the Dow still came up short for the week, down -1.24%. Friday’s rally failed to make up losses from earlier in the…

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