by Mark Chandik | Jul 10, 2023
Weekly Market Commentary It has been a surprising year for the labor market, as job growth has been much more resilient than anticipated. According to CNBC, the U.S. Bureau of Labor Statistics’ monthly nonfarm payrolls report has surpassed analyst expectations...
by Mark Chandik | Jul 5, 2023
Weekly Market Commentary As we commemorate the 247th anniversary of the signing of the Declaration of Independence, let’s take a moment to appreciate some interesting facts about this treasured document. Here are nine fun facts to enjoy! Independence was...
by Mark Chandik | Jun 26, 2023
Weekly Market Commentary The 30-year fixed mortgage averaged 3.04% in 2020 and 2021, according to Freddie Mac’s weekly survey. The 15-year rate: 2.44%. Housing money was almost free…almost. Through June 22, the average 30-year fixed rate was 6.43%, a substantial...
by Mark Chandik | Jun 20, 2023
Weekly Market Commentary The Federal Reserve held the fed funds rate at 5.00–5.25% following ten consecutive rate increases that began in March 2022. The move was anticipated as policymakers had previously expressed their intention, allowing them time to assess the...
by Mark Chandik | Jun 12, 2023
Weekly Market Commentary The S&P 500 Index, which tracks 500 large publicly traded companies, entered a new bull market last Thursday, according to the general definition of a 20% rise from the most recent low. Let’s review some key mileposts. The index hit an...
