From the desks of Stanley Katz & Lauren Madera
As we celebrate the holidays, the ClientFirst Weekly Highlights & Commentary will NOT be published next Sunday. If there is enough worthwhile content, we will try to pass it on as you awake Sunday, January 1, 2023. A jolt of the Weekly H&C along with a cup of coffee and a couple aspirin could be a great way to start the new year!
For sure, the Grinch came out this past week with all three major US stock market indices sustaining losses (i.e., DJIA: -1.66%, S&P 500: -2.09%, Nasdaq: -2.72%). That’s two harsh losing weeks in a row; however, the S&P 500 (currently 3,852.36) remains above the most recent October 12th low point of 3,588.84 by approximately 6.8%. Some analysts place the blame on the Fed continuing to raise interest rates to fight inflation while others point the finger at institutional investors licking their wounds for the year by booking losses before year end. Either way, it doesn’t feel very good. So should we turn the page to 2023? The Goldman Sachs and Schwab research prognostications on 2023 offer some very interesting insights. Click the links below.
Last week, the Federal Reserve announced an additional 0.50% hike in the Fed Funds interest rate. Although the Fed is doing its best to negotiate a soft landing of the economy, it appears it could all hinge on how the Chinese economy reacts to its new COVID policies. Take a look at the Capital Group link below.
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.
Goldman Sachs:
Schwab:
Capital Group:
BlackRock:
Northern Trust:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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