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...
by Mark Chandik | Dec 12, 2022
Weekly Market Commentary The Federal Reserve, interest rates, and inflation have been big topics this year. Chatter about a possible recession has been part of the conversation, too. A few weeks ago, we looked at the enormous amount of stimulus cash that remains in...
by Mark Chandik | Dec 5, 2022
Weekly Market Commentary Can there be too much hiring? Can job growth be too fast? It seems like an odd question. But following a better-than-expected jobs report on Friday and the initial negative reaction (shares pared losses and finished mixed), the question is...
by Mark Chandik | Nov 21, 2022
Weekly Market Commentary Recession fears are rampant. Interest rates are up, which discourages spending, and housing, a leading economic indicator, has fallen into a steep recession. Reported on Friday, the Conference Board’s Leading Economic Index (LEI), which is...
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...
