From the desks of Stanley Katz & Lauren Madera
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Yes, one and one makes two! We now have two straight weeks of negative returns in the major US stock market indices, and it was a doozy (DJIA -4.22%, S&P 500 -4.04%, Nasdaq -4.44%), especially on Friday! Federal Reserve Chairman Jerome Powell made perfectly clear his intention to beat inflation. In no uncertain terms, that means raising interest rates higher for longer to slow down economic growth. Although employment and earnings from corporations have held steady, the Fed policy message coming out of the Jackson Hole Summit was loud and clear. For more on this topic, click the Schwab Markets and Economy link below.
Most certainly, one of the culprits of inflation has been supply chain issues. Slowly but surely, those are starting to resolve. If we can open the pipelines of goods and services, prices could stabilize and maybe even recede. Capital Group’s “Supply chain shifts signal reglobaliztion” provides some interesting insight.
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:
Capital Group:
T. Rowe Price:
Alta Capital Management:
J.P. Morgan Asset Management:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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