From the desks of Stanley Katz & Lauren Madera
WE WILL NOT BE PUBLISHING THE WEEKLY HIGHLIGHTS & COMMENTARY NEXT SUNDAY IN OBSERVANCE OF THE EASTER AND PASSOVER HOLIDAYS.
1Q2023 ended with a bang as the major US stock market indices were up across the board (i.e., DJIA: +3.21%, S&P 500: +3.47%, Nasdaq: +3.37%). Considering the woes of the mid-size banks, several market analysts conjectured on the similarities and differences between 2007-2008 and today. For sure, when banks start tightening credit standards, one may anticipate further slowing…but will it melt down the economy? Could this be just what the doctor / Federal Reserve desires? Click the Capital Group link titled “10 investing lessons from 2008 that apply today.”
Lately, much of the US stock market is focusing on the Federal Reserve and Chairman Powell’s next policy meeting occurring May 2-3. While this is unquestionably important, there are many other things that matter when determining the market’s ultimate path. For example, the S&P 500 is currently trading at a slightly elevated multiple of 17.5X earnings with 1Q2023 announcements beginning April 14th. And we have the looming debate in Congress over the debt ceiling that appears to sunset this coming June. See the Goldman Sachs Asset Management piece “Market Know-How | 2Q 2023: Crunch Time” for additional details.
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 Asset Management:
J.P. Morgan Asset Management:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
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