Oct 16, 2022 | Wealth Management
CPI reading of 8.2% for September, barely down from 8.3% in August showed how sticky inflation has become a part of the US economy. Wall Street was clearly not prepared for it with concerns that price pressures are getting entrenched leaving the S&P 500 down 1.6%...
Sep 18, 2022 | Wealth Management
The S&P 500 posted its worst weekly performance since mid-June, slumping 4.78% for the five-day session. The losses came on the back of a solid 3.65% gain last week. The selling pressure started on Tuesday after a hotter than anticipated consumer price inflation...
Aug 28, 2022 | Wealth Management
Chairman Jerome Powell, in highly anticipated remarks from the annual Jackson Hole policy meeting, said in no uncertain terms that interest rates will keep rising and aren’t likely to come down soon. But that’s where the certainty ended. The size of a...
Aug 21, 2022 | Wealth Management
The week started positively with the stock market continuing its rally despite retailers warning of slowdown, semiconductor companies cautioning on outlook and housing market cracking as expected. But, the resilience of the stock market rally was broken by comments...
Aug 7, 2022 | Wealth Management
Stocks finished strong after a surprising jobs report. The U.S. economy added 528,000 jobs in July, the Labor Department reported, more than twice as high as expected, and the unemployment rate ticked down to 3.5%, matching the lowest level since the late 1960s. Wage...
Jul 17, 2022 | Wealth Management
Stocks finished sharply higher on Friday, snapping a five-day losing streak thanks in part to stronger than expected retail sales data and a moderation in inflation expectations. But Friday’s rally still was not enough to overcome three days of selling earlier...
