Crosscurrents

Crosscurrents

Weekly Market Commentary Here’s a paradox. What happens when an immovable object runs into an irresistible force? In today’s investing world, the Federal Reserve has been that immovable object, jacking up interest rates in order to quell inflation. Today’s rate-hike...
Making Heads or Tails Out of the Latest GDP Report

Making Heads or Tails Out of the Latest GDP Report

Weekly Market Commentary Gross Domestic Product (GDP) is the economy’s largest measure of goods and services. Preliminary data from the U.S. Bureau of Economic Analysis showed that GDP slowed from an annual pace of 2.6% in Q4 2022 to 1.1% in the first quarter of...
Up or Down – Which Way From Here

Up or Down – Which Way From Here

Weekly Market Commentary Economic sentiment can shift on a dime. This year, terms like ‘soft landing (slowing growth, slowing inflation)’ and ‘hard landing (recession, slower inflation)’ have gotten the most play. Earlier in the year, a so-called ‘no-landing’ scenario...
Latest Inflation News Offers Some Encouragement

Latest Inflation News Offers Some Encouragement

Weekly Market Commentary The slowdown in the rate of inflation last month was aided by food and energy prices. The Consumer Price Index rose 0.1% in March versus February amid a 3.5% decline in energy prices and no change in food prices (U.S. Bureau of Labor...
Hiccups in the Job Market

Hiccups in the Job Market

Weekly Market Commentary There have been no flareups since the bank failures in early March, and the crisis continues to simmer on the back burner. But anxieties haven’t completely subsided. Last week the U.S. Bureau of Labor Statistics reported that job openings fell...
Inflation – It Hasn’t Gone Away

Inflation – It Hasn’t Gone Away

Weekly Market Commentary Inflation was uppermost on the minds of investors, Fed officials, and policymakers until the failure of Silicon Valley Bank (SVB) forced price stability to play second fiddle to banking stability. The banking crisis has eased amid tentative...