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...
by Mark Chandik | Jun 5, 2023
Weekly Market Commentary May nonfarm payrolls surged past economists’ projections of 190,000 per DJ Newswires, soaring by 339,000 (see Figure 1) as reported by the U.S. Bureau of Labor Statistics (BLS). Surprised? Despite its strength, payrolls have mostly...
by Mark Chandik | May 30, 2023
Weekly Market Commentary The days of pulling up to a gas station, rolling down the window, and asking the attendant to fill ‘er up are long gone. Nowadays, the responsibility falls on someone in the car to pump the gas. As we head into the summer season, it’s no...
by Mark Chandik | May 22, 2023
Weekly Market Commentary Some investors were bracing for an earnings apocalypse. Once again, fears were exaggerated. It’s not the first time some have been expecting dire results. A CNBC story six months ago previewing Q3 profits suggested earnings could disappoint in...
by Mark Chandik | May 15, 2023
Weekly Market Commentary In the past, investors paid close attention to the monthly employment report. Today the focus has shifted to the CPI. Blame high inflation for the jump in interest rates, which has pressured the major stock market averages. The U.S. Bureau of...
