Blog
Higher for Longer
Keeping with market expectations, The Federal Open Market Committee (FOMC) raised the target range for the federal funds rate by ½ percentage point, bringing the target range to 4 ¼ to 4 ½ percent. While the increase broke a string of four straight ¾ point hikes, the...
Disinflation Has Arrived – Where do Stocks go from Here?
Investors embraced last Thursday's inflation news with enthusiasm. The Bureau of Labor Statistics reported that the Consumer Price Index rose 7.7% year-over-year and 0.4% for the month of October. Analyst estimates from Dow Jones were 7.9% and 0.6%, respectively, and...
2022 Q3 Recap & Outlook
Stocks continued to struggle in Q3 for all the same reasons the first half was rough. If anything, Federal Reserve Chair Powell and his colleagues doubled down on their hawkish messaging last quarter. We said throughout the first six months that the market pullback...
Fed Destination
The U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI) for August and reported higher than expected inflation. Headline inflation rose 8.3% year over year, while Core CPI (ex-food and energy) increased 6.3%. Month over month numbers also increased...
Investors Should Own Stocks, Not Stock Funds
Most financial advisors today recommend mutual funds and ETFs for their clients’ investment portfolios. Advisors tend to regard stocks as too risky for their clients, by which they mean the prices of individual stocks are too volatile. Moreover, learning to value an...