by Mark Chandik | Nov 14, 2022
Weekly Market Commentary October’s slower-than-expected rise in the Consumer Price Index fueled a 5.53% rise in the S&P 500 Index on Thursday, which was the 15th-best trading day since 1953 when the 5-day trading week began, according to Bespoke. Why the huge...
by Mark Chandik | Nov 11, 2022
WIth another rocky quarter, equities continued their downhill slide with most equity indexes showing double-digit negative returns tear-to-date (YTD). The first half of the quarter we saw a bear market rally in July and August only to watch the S&P 500 Index post...
by Mark Chandik | Nov 7, 2022
Weekly Market Commentary Smaller hikes but longer to the peak. That was the message from Fed Chief Jay Powell after the Federal Reserve hiked the fed funds rate by 75 basis points (bp, 1 bp =0.01%) to a range of 3.75—4.00% on Wednesday. The Fed may dial back the size...
by Mark Chandik | Oct 31, 2022
Weekly Market Commentary The U.S. Bureau of Economic Analyst reported that Q3 Gross Domestic Product (GDP), which is the largest measure of goods and services, expanded at an annualized pace of 2.6%, erasing the declines from Q1 and Q2—recession averted, for now. It’s...
by Mark Chandik | Oct 24, 2022
Weekly Market Commentary Every month, the Conference Board releases what’s called the Leading Economic Index, or the LEI. The LEI consists of 10 economic components, whose changes tend to precede what happens in the economy. The LEI has always turned lower before the...
by Mark Chandik | Oct 17, 2022
Weekly Market Commentary The release of the September Consumer Price Index (CPI) offered more sobering news, as inflation continues to run hot. The U.S. Bureau of Labor Statistics (BLS) reported the CPI for September rose 0.4% versus August. The core CPI, which...
