From the desks of Stanley Katz & Lauren Madera
STAY SAFE AND HEALTHY!
Woohoo! We have seen two consecutive weeks of gains in the major US stock market indices (i.e., DJIA: +0.31%, S&P 500: +1.79%, Nasdaq: +1.99%). As we all know, two data points do not necessarily make a trend. Even with a war still raging, interest rates still rising (e.g., 10-year US Treasury is 2.491%), and inflation still surging (at an annualized rate of 7.9%), the US stock market indices have found a way to ignore these happenings. Several pundits are anticipating the S&P 500 may remain rangebound with continued volatility for the foreseeable future. The S&P 500 currently resides at 4543.06 with the 2022 high of 4793.56 and the low at 4170.70. Click the PIMCO link below for their “Cyclical Outlook.”
As interest rates rise, it could affect the most interest-sensitive sector, housing. Although interest rates are not that high by historical standards, a prominent role in housing is investors. Just ask the viewers of HGTV! Take a look at the BlackRock research piece on “Tough Fed talk on inflation, little bite.”
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.
PIMCO:
BlackRock:
Schwab:
Capital Group:
J.P. Morgan Asset Management:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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