From the desks of Stanley Katz & Lauren Madera
STAY SAFE AND HEALTHY!
Certainly, the atrocities in Ukraine have our utmost attention. It makes it easy to understand why all three major US stock market indices lost ground again last week (i.e., DJIA: -2.00%, S&P 500: -2.88%, Nasdaq: -3.54%), leaving the year-to-date results -9.34%, -11.79% and -17.90% respectively. WHEW! The surge in oil prices taxes all consumers (through higher gasoline prices, for example), putting additional pressure on consumers’ wallets. In addition, the Federal Reserve meets this week with a much anticipated Fed Funds rate hike of at least 0.25%. With the economy already starting to slow down, an explanation may be necessary as to what a rate hike will do to squelch war-induced energy price increases and supply-chain-induced inflation! Goldman Sachs Asset Management’s “Where Russia Matters Most” link below provides some interesting insights.
With the war top of mind, the Schwab commentary “Fog of War” broadens the perspective on its impact globally. Click the link below for a good read.
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.
Goldman Sachs Asset Management:
Schwab:
Northern Trust:
Vanguard:
J.P. Morgan Asset Management:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
Investing involves risk, including the possible loss of principal. The information contained herein has been prepared solely for informational purposes. Nothing contained herein should be construed as a recommendation to either buy or sell any security or economic sector, or implement any strategy discussed. Please consult with your financial advisor, accountant, and/or attorney before acting on this information. ClientFirst Financial Strategies, Inc. is a DBA of We Are OneSeven, LLC (OneSeven). OneSeven is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. Securities offered through Fortune Financial Services, Inc. (Fortune), Member FINRA/SIPC. OneSeven and Fortune are separate entities. Investment Products are Not FDIC Insured, Offer No Bank Guarantee, and May Lose Value.
OneSeven and Fortune do not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third parties.