From the desks of Stanley Katz & Lauren Madera
STAY SAFE AND HEALTHY!
Finally, the US indices had a week of positive returns (i.e., DJIA: +5.48%, S&P 500: +6.15%, Nasdaq: +8.18%), posting the largest weekly gains since November 2020! The question remains, “what caused it?” Was it a relief rally off the Fed’s (only) 0.25% interest rate increase? Was it the brief reduction in oil prices? Favorable news of talks in the Russia-Ukraine conflict? Who knows, but weekly losses were getting tiresome! For sure, the volatility will not abate. Take a look at the Hartford link below on past history following Fed interest rate hikes.
In our minds, the most important aspect of the US stock market’s future has to be the slowing growth of our economy. Earnings have been slowing across many sectors. The quarter-over-quarter and year-over-year comparisons will reflect these changes. Nonetheless, based on current events, we still believe that the US economy remains the strongest on a relative basis. For more insights click the BlackRock 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.
Goldman Sachs Asset Management:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
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