From the desks of Stanley Katz & Lauren Madera
THE CLIENTFIRST WEEKLY HIGHLIGHTS & COMMENTARY WILL NOT BE PUBLISHED NEXT WEEK IN CELEBRATION OF THE PRESIDENTS’ DAY HOLIDAY. THE MARKETS ARE CLOSED ON MONDAY, FEBRUARY 20TH. HAVE A GREAT WEEK!
It had to happen sooner or later this year! All three of the major US stock market indices were in the red zone this week (i.e., DJIA: -0.17%, S&P 500: -1.11%, Nasdaq: -2.41%). We wonder which team will dominate there today in the Super Bowl! Thus far, 4Q2022 corporate earnings have been underwhelming, substantiating the confusion surrounding the rise in the stock market. In fact, company earnings per share sustained its first drop since 3Q2020. Other than a “dead cat bounce” off a dismal 2022 performance, there seems to be no explanation for the market performance thus far in 2023. Especially if you consider exogenous factors like interest rates increases, a looming debt ceiling debate, inflation concerns, and a slowing global economy. Look at the Franklin Templeton link below.
For the past couple years, we have incessantly heard about supply chain issues. You might find the Capital Group research piece below titled “Reshoring supply chains: What does it mean for investors?” of interest. Click the link.
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.
Franklin Templeton:
Capital Group:
Goldman Sachs Asset Management:
J.P. Morgan Asset Management:
Schwab:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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