From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
The US stock market indices must have had a nice 4th of July cause all three posted gains for the four-day trading week (i.e., DJIA: +0.78%, S&P 500: +1.94%, Nasdaq: +4.56%). The common thought this week seems to be that the US economy is slowing enough that the Federal Reserve won’t have to raise rates so dramatically. But that appears to be an oxymoron as the credit markets indicate, still, a 50-75 basis point hike come the next Fed meeting on July 27th! J.P. Morgan Asset Management’s Dr. David Kelly provides an instant insight in his 3Q2022 Economic & Market Update. Click the link below.
Supply chain issues have been the bane of our existence but could become “much ado about nothing”! No doubt, we have seen bare shelves of items we desire, but, in many realms of life, those “Shortages Have Led to Gluts.” Click the Schwab Commentary link below for more on this topic.
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.
J.P. Morgan Asset Management:
Goldman Sachs Asset Management:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
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