Market Commentaries

03 Mar

Market Bounces on Modestly Improved Business Conditions

March 3rd, 2023 The fourth time was the charm for the S&P 500, which posted its first winning week since late January. After oscillating between positive and negative territory for much of the week, Friday’s economic reports were viewed favorably by investors, who focused more heavily on what the data suggested for the economy’s resiliency…

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24 Feb

Inflation Strikes Back

February 24th, 2023 It was a dreary week for markets as investors were no longer able to ignore the growing evidence of inflationary pressures reemerging within the economy. Significant economic releases were back-end loaded, but trading throughout the week’s holiday-shortened sessions managed to foretell what those reports would show. Jobless claims, consumer spending, new home…

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10 Feb

Denial….Ain’t Just a River in Egypt

February 10, 2023 Bull Stocks recorded their worst weekly performance for 2023 as investors finally took the time to digest last week’s blowout nonfarm payrolls report and as Fed Chairman Jerome Powell and other Fed speakers continued to make the case for maintaining a restrictive posture despite signs of slowing inflation and weakening demand. In…

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