From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
The winning streak continued this past week with the major US stock market indices posting gains again (i.e., DJIA: +5.70%, S&P 500: +3.95%, Nasdaq: +2.24%). In fact, the DJIA thus far in October has outperformed the tech-heavy Nasdaq by the largest margin since the dot-com bubble burst over twenty years ago. Speaking of that experience, the big tech companies today are nothing like those unprofitable dotcoms of yesteryear! So much depends on the digital advertising dollar for revenue growth. The T. Rowe Price piece below expounds on this phenomenon. Click it!
3Q2022 earnings announcements have come through as expected—weaker on a year-over-year basis but still solid. In other words, the Federal Reserve’s policy of raising rates to slow down the economy is working. Increasing interest rates in the US may have unintended consequences like strengthening the dollar versus other currencies. For more on this topic, read the Capital Group’s “Can international equities overcome a strong dollar?”
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.
T. Rowe Price:
Capital Group:
BlackRock:
J.P. Morgan Asset Management:
Janus Henderson:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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