ECONOMIC UPDATE Facebook LinkedIn Twitter Source: FactSet Equities fell for the third straight month in October, giving back nearly half of their gains for the year. The prospect of higher for longer interest rate policies and elevated geopolitical uncertainty as a result of the Israel-Hamas conflict weighed on markets. In October, US equities fell into …
ECONOMIC UPDATE Facebook LinkedIn Twitter Source: FactSet September is historically a challenging month for the stock market, and this year proved no different. Global markets were led lower by rising interest rates and oil prices. US equities continued their August decline, falling 4.8% for the month. International equities fared better than domestic but still posted …
ECONOMIC UPDATE Facebook LinkedIn Twitter Source: FactSet Equities pulled back in August, with volatility back on the rise. Notable events driving the market volatility were a US credit downgrade, China continuing to experience worsening economic conditions, and uncertainty on future Federal Reserve monetary policy decisions as a result of persisting inflation. US equities, as measured …
ECONOMIC UPDATE Facebook LinkedIn Twitter US Credit Rating Downgrade What happened? The rating agency Fitch downgraded the US government credit rating one notch from AAA, its highest grade, to AA+ on August 1, 2023. The justification was rising debt, fiscal deterioration, and “the erosion of governance” from repeated debt limit standoffs. Fitch issued a downgrade …
ECONOMIC UPDATE Facebook LinkedIn Twitter Source: FactSet US equities were led by a handful of stocks and outperformed international equities for the quarter and year. Despite ongoing challenges, positive growth and inflation surprises helped US equities (S&P 500) gain 8.7% and 16.9% for the quarter and year, respectively. This marked the third consecutive quarter for …
ECONOMIC UPDATE Facebook LinkedIn Twitter Source: Zephyr Style Advisor Stocks and bonds across the globe struggled in May. US equities eked out a small gain of 0.4%, led by a handful of technology stocks. Key events during the month included a last-minute twoyear debt ceiling suspension, stronger than expected US economic data, and interest rate …
ECONOMIC UPDATE Facebook LinkedIn Twitter Source: Zephyr Style Advisor Better than feared corporate earnings and lower inflation report led market volatility lower and returns higher after the previous month’s bank crisis aftershock in developed markets. International developed equities led major regions with a gain of 2.9%, followed by US equities with a gain of 1.6%. …
ECONOMIC UPDATE Facebook LinkedIn Twitter Source: FactSet Markets ended a volatile but positive first quarter, with gains in technology offsetting weakness in banks. The quarter also saw a reversal in many of 2022’s underperformers. Tip of the Month You have a limited amount of time to amend a tax return; otherwise, the IRS will not …
ECONOMIC UPDATE Facebook LinkedIn Twitter In this month’s recap: Stocks stumbled as investors worried that the Fed would maintain its tight monetary posture due to ongoing inflation. U.S. Markets Stock prices stumbled in February owing to growing worries that the Fed would maintain its tight monetary posture in the face of continuing inflation. For the …
ECONOMIC UPDATE Facebook LinkedIn Twitter In this month’s recap: Investors were in a buying mood thanks to moderating inflation, a better-than-feared earnings season, and healthy economic data. U.S. Markets Stocks rallied in January as moderating inflation, a better-than-feared earnings season, and healthy economic data put investors in a buying mood. For the month, the Dow …
