From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
The major US stock market indices produced mixed results this past week (i.e., DJIA: +1.18%, S&P 500: -1.53%, Nasdaq: -3.11%). Somewhat severe volatility hit the stock market on Thursday after the CPI report came in at a 40-year high. Initially, the S&P 500 was down 2.4% and ended the day up 2.6%! Several Wall Street analysts feel that extreme volatility, like Thursday’s, sometimes implies that we’re not too far from reaching a trough. No doubt, as expressed in recent Weekly H&Cs, volatility in the US stock market indices will persist primarily because of continued interest rate increases by the Federal Reserve. Click the “Schwab Market Perspective: No Stopping the Fed” link below for more information.
One event that has escaped the news headlines is the possible third-term anointment of President Xi by China’s 20th Communist Party Congress. This could shape much of the future, given China’s prominence in a slowing global economy. Goldman Sachs put together an in-depth research piece titled “China’s Congress: An Inflection Point?” We hope you find it to be an interesting read, albeit lengthy!
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:
Goldman Sachs Asset Management:
J.P. Morgan Asset Management:
Northern Trust:
Alta:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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