by Mark Chandik | Aug 14, 2023
Weekly Market Commentary Fed Chief Jay Powell, along with other Fed officials, have been open about discussing the lessons they learned and the errors made during the 1970s. The Consumer Price Index (CPI) jumped to an annual rate of over 12% in 1974 before falling...
by Mark Chandik | Aug 7, 2023
Weekly Market Commentary Fitch Ratings downgraded U.S. government debt last week by one notch from its prized top rating of ‘AAA’ to ‘AA+.’ Fitch said its decision “reflects the expected fiscal deterioration over the next three years, a high and growing general...
by Mark Chandik | Jul 31, 2023
Weekly Market Commentary Gross Domestic Product (GDP) is a very broad measure of the value of goods and services in the economy over a certain period. Last week, the U.S. Bureau of Economic Analysis reported that GDP rose at an annual pace of 2.4% in Q2, accelerating...
by Mark Chandik | Jul 24, 2023
Weekly Market Commentary The S&P 500 Index is up 18.15% since the end of last year. It has advanced 26.82% since bottoming on October 12, 2022 (through 7/21/23; data St. Louis Fed, MarketWatch). Both metrics exclude dividends reinvested. The S&P 500 Index...
by Mark Chandik | Jul 17, 2023
Weekly Market Commentary Inflation has bedeviled consumers and investors for over a year. The Federal Reserve waited far too long in responding to high prices, and its abrupt reversal in 2022 pushed equities into a bear market. But the Fed’s kinder, gentler approach...
by Mark Chandik | Jul 10, 2023
Weekly Market Commentary It has been a surprising year for the labor market, as job growth has been much more resilient than anticipated. According to CNBC, the U.S. Bureau of Labor Statistics’ monthly nonfarm payrolls report has surpassed analyst expectations...
