Stocks Mixed as Concerns Abound

From the desks of Stanley Katz & Lauren Madera

STAY SAFE & HEALTHY!

For the second week in a row, the three major US stock market indices posted mixed results (i.e., DJIA: -1.11%, S&P 500: -0.29%, Nasdaq: +0.40%). In fact, the S&P 500 has moved less than +/- 1% for six straight weeks! Concerns abound; in no particular order, they include the debt ceiling, persistent inflation, banking woes, and recession fears. We’ll leave it to you to decide which causes the most angst! Look at the Goldman Sachs “Climbing the Wall of Worry” research piece for more information on this topic.

The topic that seems to be consuming the most airtime these days is the debt ceiling. The J.P. Morgan Asset Management epistle provides a little deeper dive into the what ifs. Click the link below for a short read on the subject.

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:

• Climbing the Wall of Worry

J.P. Morgan Asset Management:

• What happens if the U.S. breaches the debt ceiling?

PIMCO:

• Whether Pause or Pivot, Look to Bonds

Capital Group:

• What will you do with extra cash as the Fed changes course?

BlackRock:

• Weekly commentary: Commercial real estate: going granular

Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500

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