From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HEALTHY!
The Thanksgiving feast extended this week with all three major US stock market indices ending in the green (i.e., DJIA: +0.24%, S&P 500: +1.13%, Nasdaq: +2.09%). Since the recent October low, year-to-date returns have narrowed their losses (i.e., DJIA: -5.25%, S&P 500: -14.57%, Nasdaq: -26.74%). Admittedly, that doesn’t seem to soothe the soul! This week, the Federal Reserve essentially signaled that interest rates will probably continue to rise but at a slower pace than they have throughout this year — meaning 0.50% versus 0.75% increases. If one were to boil down the inflation problem, it appears to stem from the current labor supply. If the Fed continues to raise interest rates, how will that effect the stock market? Click the Schwab link below for more on this topic.
As we head into year end, we will get prognostications for 2023. The Goldman Sachs Asset Management Market Pulse December edition provides a very concise summation of their thoughts. Take a look!
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:
Capital Group:
J.P. Morgan Asset Management:
Vanguard:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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