Tag Archives: COVID

02 Feb

Phil and Investors Predict an Early Spring

February 2, 2024 The Dow Jones Industrial Average posted a fresh record on Friday, managing to recover from Wednesday’s sell-off following the FOMC meeting. As expected, the Federal Reserve voted to hold interest rates steady at its current range of 5.25% to 5.50%, but the official statement following the meeting dashed investors’ hopes for a…

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26 Jan

Economy Keeps Dealing Aces

January 26th, 2024 It was another winning week on Wall Street with the S&P 500 notching another record high and the Dow Jones Industrial Average closing above 38,000 for the first time ever. A better than expected Q4 GDP report combined with slowing inflation and strong earnings results fueled equity markets. Meanwhile, bond investors struggled…

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18 Aug

Higher Rates Weigh on Equities

August 18th, 2023 It was a busy week for investors as they digested a number of market-moving headlines. Ratings agencies remained in the spotlight with Fitch, once again, taking center stage. On Tuesday, the ratings firm announced it was considering a broad downgrade of the banking sector over concerns that interest rates will remain elevated…

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