A year ago, the stock market was in the midst of a 10% correction over fears the economic data was too strong, which meant the Fed was going to continue in their inflation fight. The sell-off started when the Fed hiked rates after a one meeting pause. The sell-off didn't
As a parent of 6 and grandfather to soon to be 4 grandchildren, I've used the phrase, "be careful what you wish for" more times than I can remember. As somebody who has been following the investment markets for over 30 years, I have used that phrase during a few
Is the economy growing or shrinking? Is inflation too high or coming down? Is job growth too hot or too cold? Are the markets healthy or at risk?
The answer to all of those questions is "yes*"!
Note the * which is the problem – the answer depends on your situation – what
Jerome Powell is a wizard. He has continuously been wrong yet whenever he says something the market (temporarily) believes he has the ability to predict our economic future. At the last Fed meeting in April, Chair Powell said the Fed was 'not far' from the first rate cut. At the
When helping clients, advisors, and students understand the market I often say, "the market is a forward looking mechanism". Essentially today's prices are the present value of all future income streams. This requires a lot of projections (guessing) about what will come in the future. Interest rate levels and inflation
