June 2023 Market Outlook
This month, we had Consumer Prices (CPI) and Producer Prices (PPI) come in below expectations right before the Federal Reserve’s decision on interest rates. The Fed elected to go on…
Economic Perspective | May 2023 Chartbook
According to the Commerce Department, the U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories. Despite…
Economic Perspective | April 2023 Chartbook
According to the Commerce Department, Q1 2023 U.S. real GDP expanded at an annualized rate of 1.1%. However, the headline figure masks diverging trends; private consumption growth surged to 3.7%…
May 2023 Market Outlook
There is an old adage on Wall Street: Sell in May and Go Away – meaning the returns for the rest of the year will be muted. Why would they…
April 2023 Market Outlook
The Federal Reserve has raised interest rates nine consecutive times which triggered a banking crisis and two US banks were taken over by regulators. Meanwhile, there was a forced bank…
Economic Perspective | March 2023 Chartbook
The U.S. economy grew at a slower pace in the fourth quarter than initially estimated as Real GDP increased 2.6% according to the Commerce Department’s third and final reading. However,…
March 2023 Market Outlook
March should prove to be an exciting month for the markets as it will be data-heavy with employment and inflation updates set to be released around the Ides of March.…
Economic Perspective | February 2023 Chartbook
The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and elevated inflation. The government had previously estimated that the…
February 2023 Market Outlook
We retain our thesis that the Bull is already running – and we offer below a slew of charts as evidence. But that doesn’t mean we’re ignoring the expectations for…
Economic Perspective | January 2023 Chartbook
The nation’s economy ended 2022 on a strong note, growing 2.9% annually in the fourth quarter despite the drag of higher interest rates. While the economy held its own in…
January 2023 Market Outlook
We push into the new year having survived a brutal year where both stocks and bonds fell sharply into bear territory. For the year, the S&P 500 was down 19.4%…