Market Recap – April 17, 2023

Market Recap – April 17, 2023

Last week inflation news was encouraging but not sufficiently positive to keep the Fed from tightening another 25 bp at its May 2-3 meetings. Another rate boost, coupled with slowing growth and negative first quarter earnings, will put downward pressure on stock...
Market Recap – April 17, 2023

Market Recap – April 3, 2023

There is positive inflation news with the February Personal Consumption Expenditures (“PCE”) deflator showing a further drop in inflation. Stock markets reacted positively and closed up for the second month in 2023. February headline and core PCE inflation were 0.3%...
Market Recap – April 17, 2023

Market Recap – March 13, 2023

After the failure of Silicon Valley Bank (“SVB”) last Friday and Signature Bank on Sunday (yesterday), the U.S. Treasury, FDIC and Federal Reserve are using emergency powers under the systemic risk exception to make whole all depositors, not just those with deposits...
Market Recap – April 17, 2023

Market Recap – March 20, 2023

The Fed’s Open Market Committee meets this week and will most likely decide to increase its Fed funds target another 25 basis points, bringing it to 4.75%-5%, while acknowledging their readiness to adjust rate increases if banking system stability requires it. The...