From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
Finally, after enduring downdrafts the past 10-11 weeks, we experienced positive returns from all three major US stock market indices (i.e., DJIA: +5.4%, S&P 500: +6.4%, Nasdaq: +7.5%). Although it may be an aberration in a bear stock market, it still feels good. Interestingly enough, the postulated reason for last week’s gains stems from concern the economy continues to slow. If this is true, the Fed may not have to put on the brakes as hard as anticipated. For more on this line of thinking, click the Northern Trust link titled “SLOWING.”
You may notice a theme throughout this week’s research pieces. Housing prices have stabilized, but many of the component prices like lumber, copper and other materials have started to weaken. In addition, demand for housing has softened with rising mortgage rates. Take a look at the Goldman Sachs research piece “Home Prices: What Goes Up Must Come Down.”
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:
J.P. Morgan Asset Management:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
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