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Market Snapshot for September 2022

Please find the next blog in our monthly series that provides a snapshot of the markets and the state of the economy. Economic Overview At its September meeting, the US Federal Reserve hiked the Federal Funds rate 75 bps to 3-3.25%, the third consecutive hike of that magnitude The August

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2022 US Mid-Term Elections

-Mid-Term Elections in the US are set for November 8th, with Democrats holding narrow control of Congress in addition to the Presidency -Each of the 435 House of Representative seats and 35 of 100 Senate seats are up for re-election -History suggests that the party of the newly elected President

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September 21st  FOMC Follow-Up

Rates The FOMC voted today to raise the Federal Funds rate to a range of 3.00 – 3.25%, a 75 basis point increase. This decision was unanimously supported by the 12-member rate-setting committee and was also in-line with market expectations. The decision for a 75 bps hike followed four consecutive

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Market Snapshot for August 2022

Please find the next blog in our monthly series that provides a snapshot of the markets and the state of the economy. Economic Overview Inflationary pressures slowed as US Headline CPI eased to 8.5% vs. prior month’s 9.1% Labor markets remained tight with unemployment declining to 3.5% and nearly 2

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Public Market News and Trends for August 2022

U.S. Equity The Energy sector led Q2 S&P 500 earnings growth, up 6.7% YOY. Excluding Energy, the S&P would be reporting an earnings decline of 3.7%. On a calendar year basis, earnings growth has increased 8.9% on the whole but excluding Energy is only up 2.4%. From a sector return

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Update on Current Market Conditions

Equity markets have rallied since we last shared commentary with you on June 20th with the S&P 500 increasing 9.2% in the month of July. Investors are asking the question of whether this is a “bear market rally” that will return to its downward trend in the near future, or

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Market Snapshot for July 2022

Please find the next blog in our monthly series that provides a snapshot of the markets and the state of the economy. Economic Overview US GDP declined 0.9% in the second quarter after falling 1.6% in the first quarter, but not yet officially a recession US headline CPI surged 9.1%,

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June 27th FOMC Follow-Up

Rates The FOMC voted yesterday to increase the federal funds target rate by 75 basis points to a range of 2.25 – 2.50%. This decision was unanimous despite some prior reporting in the press that Kansas City Fed President Esther George might dissent from the decision as she had at

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Market Snapshot for June 2022

Please find the next blog in our monthly series that provides a snapshot of the markets and the state of the economy. Economic Overview Inflation surprised to the upside with headline CPI rising to 8.6%; the Fed, moving aggressively in response, raised interest rates by 75 bps Higher prices are

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Update on Current Market Volatility

As market volatility continues this year, we find ourselves reflecting on the words of Warren Buffett: “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” The tide has gone out the first half of 2022.  Stocks are in the

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June 15th FOMC Follow-Up

Rates The FOMC voted yesterday to raise the Federal Funds rate to 1.50 – 1.75%, a 75 basis point increase. This was a 10-1 decision as Kansas City Fed President, Esther George, dissented in favor of a 50 basis point move. The last time the Fed raised rates by 75

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Market Snapshot for May 2022

Please find the next blog in our monthly series that provides a snapshot of the markets and the state of the economy. Global Economy Economic Overview The FOMC raised the federal funds rate by 50 bps, the largest hike in 22 years, and signaled similar increases at the June and

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