I have a mixed reaction to doing something new. I am a mixed personality in general, in that I do like to do some exploring (both physical and metaphorical) but I’m also reserved and comfortable with where I’m at. This week will both be new for me and
-Every bear market is different.
-Every bear market is the same.
These statements are not mutually exclusive. I'll explain after this week's talking points.
Last week, I discussed what we should expect from a bear market. At SEM we don't make the big bold "we're in a bear market" call
Throughout May the fear for many market participants was the US economy was heading into a recession. Last week, stocks and bonds staged an impressive rally with the riskiest of assets rallying the most. The justification from market commentators was interesting.
A year ago the title of that week's musings was "What can go wrong?" In it I identified the 4 pillars of the amazing stock market rally: Federal Reserve Support, Congressional Spending, Improving Economy, and the decline of COVID. I followed that with a list of things that could go
The first quarter generated plenty of news and market fluctuations. We saw some of the worst losses as well as the biggest gains since 2020. Long-term bond yields jumped nearly 1% and the Federal Reserve finally decided it was time to pull back their COVID stimulus. Sentiment plummeted in the
