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Guy LeBas September 27, 2022
Interest rates across countries have been moving up with unusual speed over the past four to six weeks, leading to sharp declines in the market values of a range of bonds. While 2022 has been one of worst years for fixed income performance in memory, the activity of the past month stands out as uniquely stark.
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Michael Halloran September 23, 2022
Stocks are reacting negatively to the 0.75% interest rate increase after the Federal Reserve (Fed) meeting on Wednesday, which included projections for interest rates to be higher for longer than many market participants expected. We have the following thoughts as this battle between the Federal Reserve and inflation continues.
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Guy LeBas September 22, 2022
The Federal Reserve Open Market Committee raised their target for overnight interest rates 0.75%, the third increase of that magnitude, and easily the fastest pace of hikes in any three month period in four decades.
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Michael Halloran September 21, 2022
Stocks reacted negatively to the latest inflation reading from the Consumer Price Index (CPI), which suggests that the Federal Reserve (Fed) will remain on its aggressive path of interest rate hikes for the foreseeable future.
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Michael Halloran September 13, 2022
Stocks broke a three-week losing streak with a strong rebound last week and remain in a trading range established after the June low.
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Gregory M. Drahuschak September 13, 2022
As the market works through what is often the weakest month of the year, many traders’ sights are set on another far more productive seasonal pattern.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak September 13, 2022
Near-term uncertainty, quantitative tightening measures, and preparing for September stock activity.
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Michael Halloran September 8, 2022
Stocks have been under pressure ever since Federal Reserve (Fed) Chairman Powell strongly reiterated that the Fed would continue pursuing its higher interest rate policy until inflation returns to its 2% long-term target.
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Gregory M. Drahuschak September 1, 2022
After spending the first half of last month with the S&P 500 on track for one of its best August results since 2000, the market ran headlong into the realization that interest rates might be higher for longer than previously had been hoped.
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Michael Halloran August 30, 2022
With the war in Ukraine ongoing and geopolitical tensions with China showing no signs of receding, there is a renewed focus on defense spending not seen since the Cold War. Consequently, we expect investor interest in the defense industry to remain high in the coming years. This piece reviews critical aspects of the defense industry and highlights where future modernization dollars could be spent.
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Michael Halloran August 30, 2022
Stocks sold off on Friday after Federal Reserve (Fed) Chairman Powell strongly reiterated that the Fed would continue pursuing its higher interest rate policy until inflation returns to its 2% long-term target. This implies slower future economic growth to reduce demand and ease inflation pressures.
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August 29, 2022
There are numerous annual academic conferences hosted by the dozen regional Federal
Reserve Banks, from the Atlanta Fed’s Markets Conference (Amelia Island in May!) to the Chicago
Fed’s Annual Economic Outlook Symposium (Windy City in December…), but few have captured
market attention like the Kansas City Fed’s Jackson Hole Symposium hosted each August.
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Michael Halloran August 24, 2022
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Gregory M. Drahuschak August 22, 2022
Bear markets have an undeservedly bad reputation. Without them, long-term investors would not have great buying opportunities.
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Michael Halloran August 18, 2022
Semiconductors are the brains of modern electronics, enabling technologies critical to U.S. economic growth, national security, and global competitiveness. Semiconductors have driven advances in communications, computing, health care, military systems, transportation, clean energy, and countless other applications.
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Michael Halloran August 16, 2022
President Biden is set to sign into law legislation designed to lower prescription drug prices, boost the renewable energy sector, and impose new taxes on large corporations. We have the following thoughts on this legislation.
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Michael Halloran August 9, 2022
Stocks rose again for the third straight week as earnings continue to come in better than expected while the July employment report suggests that the U.S. economy is not in recession.
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Mark Luschini, Guy LeBas and Gregory M. Drahuschak August 5, 2022
Recession definition, monitoring moves by looking at bond market volatility, and is the tide turning for equities?
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Guy LeBas July 28, 2022
Excuse the break in the sci-fi themed FOMC notes this July in favor of another favorite. And remember, the great game is terrifying.
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Gregory M. Drahuschak July 27, 2022
Putting weakened economic conditions into perspective, President Harry S. Truman said: “It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.” Although neither condition exists now, concern that the U.S. economy might face a recession recently has some investors unnecessarily in a state of depression.