Weekly Market Commentary 5/20/24

Weekly Market Commentary 5/20/24

THE MARKETS Reading the economic tea leaves. Tasseography practitioners read tea leaves to forecast the future. Some economic data serve a similar purpose. Policymakers, central bankers, economists, and investors look at leading economic indicators to forecast where...
Weekly Market Commentary 5/13/24

Weekly Market Commentary 5/13/24

THE MARKETS Higher rates are doing what they’re supposed to do. Last week, Federal Reserve officials spoke about keeping the federal funds rate higher until it becomes clear that inflation will reach the Fed’s two percent target rate. While people typically don’t mind...
Weekly Market Commentary 5/6/24

Weekly Market Commentary 5/6/24

THE MARKETS What will the Federal Reserve do? Uncertainty about the direction and timing of Fed rate cuts is causing stock markets in the United States to charge and retreat. U.S. stocks rallied for five consecutive months (anticipating rate cuts early in 2024) before...
Weekly Market Commentary 4/29/24

Weekly Market Commentary 4/29/24

THE MARKETS The economy appears to be slowing down. Last week, many investors were focused on economic data. The Personal Consumption report offers information about Americans’ income and spending over the previous month. It includes one of the Federal Reserve’s...
Weekly Market Commentary 4/23/24

Weekly Market Commentary 4/23/24

The Markets Investors have been recalibrating their expectations. There is a lot going on in the world that could affect the value of financial markets – wars, tensions between major powers, a strong dollar, and rising oil prices – just to name a few. Last week, it...