From the desks of Stanley Katz & Lauren Madera
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Higher for longer it is! Are we talking about interest rates or the US stock market? Both, in fact.
Two of the three major US stock market indices were in the green this week (i.e., DJIA: -0.16%, S&P 500: +1.62%, Nasdaq: +3.31%). US tech stocks have come back with a vengeance year-to-date (e.g., AAPL: +18.91%, AMZN: +23.08%, META: +56.86%, MSFT: +5.39%, GOOG: +18.58%) driving the S&P 500 and Nasdaq higher despite announcements of layoffs and weak / slowing earnings. On top of all that, the Federal Reserve raised the Fed Funds rate another 0.25% and seems to be indicating additional hikes in the future. Click the Schwab link “Waiting for the End…Just Not Yet” for more insight on this topic.
If you are searching for more conundrums in your life, the pending debt ceiling poses one. Most pundits anticipate the debt ceiling will be raised. In the meantime, we will get some soap opera drama, and Susan Lucci will not be playing the starring role! You know the cast of characters in this feature. PIMCO’s assessment of the situation makes for good fodder. Click the link below.
Below are links to a number of third-party research reports that we have read and analyzed over the past week. We hope you will find the information interesting, useful, and worthwhile.
Schwab:
PIMCO:
Parnassus:
BlackRock:
Northern Trust:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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