by Mark Chandik | Jan 17, 2023
Weekly Market Commentary There has been meaningful progress on the inflation front. The annual rate of inflation has slowed, and the ever-visible price of gasoline is well off last year’s high. But as every child has asked on a long road trip, “Are we there yet?” In...
by Mark Chandik | Jan 9, 2023
Weekly Market Commentary The U.S. Bureau of Labor Statistics reported another respectable employment number on Friday, illustrating that modest economic growth and a still-high number of job openings are boosting payrolls. But it was a smaller-than-forecast rise in...
by Mark Chandik | Jan 4, 2023
Weekly Market Commentary The market had a banner year in 2021, with the S&P 500 Index advancing over 25%, according to data from the St. Louis Federal Reserve. But tailwinds that fueled gains shifted dramatically in 2022. No longer were the economic fundamentals...
by Mark Chandik | Dec 30, 2022
Weekly Market Commentary “The unfortunate cost of reducing inflation” could bring “some pain to households and businesses,” Fed Chief Jay Powell remarked in August. Pain is rarely distributed evenly. Some folks go unscathed, while others bear the brunt of the...
by Mark Chandik | Dec 19, 2022
Weekly Market Commentary After four-straight 75 basis-point (bp, 1 bp = 0.01%) rate increases, the Federal Reserve downshifted and boosted its key rate, the fed funds rate, by 50 bp last week to 4.25 – 4.50%. But it didn’t muddy its hard-hitting anti-inflation...
