From the desks of Stanley Katz & Lauren Madera
STAY SAFE AND HEALTHY!
Well, the euphoria of gains in the last trading week of May wore off quickly! June opened with negative returns (i.e., DJIA: -1.05%, S&P 500: -1.63%, Nasdaq: -2.47%). Thus far, we have suffered 9 out of 10 weeks on the DJIA and 8 of 10 on the S&P 500. One might ask about the future prospects for the US stock market. As expressed in these Weekly H&Cs, the US economy is slowing. Blame it on COVID-induced supply chain issues, inflation, rising interest rates, the Russia-Ukraine war or simply the odds that economic growth couldn’t sustain the same pace forever. These are the facts! Take a deeper dive into this topic by clicking the Schwab Markets & Economy piece entitled “2022 Mid-Year Outlook: US Stocks and Economy.”
We keep hearing of a pending recession. Undoubtedly, companies that ramped up hiring when things were booming will have to reverse course with a slowing US economy. Therefore, some pink slips will occur. But it does not appear, at least at this time, we will experience a recession on par with 2008-09. For more insight, check out the Northern Trust “Recession Talk Is Exaggerated” article 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:
Northern Trust:
BlackRock:
Capital Group:
Alta:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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