by admin | Oct 25, 2024 | Market Outlook, Weekly Wrap
Dear Friends, The third quarter earnings season is off to a strong start, with banks leading the way and reporting an average earnings surprise of 6%. This positive momentum is supported by a steadily growing economy, which continues to drive revenue opportunities...
by admin | Oct 11, 2024 | Market Outlook, Weekly Wrap
Dear Friends, Federal Reserve Chair Jerome Powell said last month’s decision to cut the fed funds target rate by a half percentage point was due to a “recalibrating” policy, as the Fed follows its dual mandate regarding inflation and growth. The new buzzword —...
by admin | Sep 27, 2024 | Market Outlook, Weekly Wrap
Dear Friends, Last week’s headliner was Jerome Powell and the Federal Reserve (Fed) cutting rates by a half percent on Wednesday, September 18, the first time since the COVID-19 pandemic broke out in 2020. The Fed “pause” ended at 423 days and now stands as the...
by admin | Sep 13, 2024 | Market Outlook, Weekly Wrap
Dear Friends, After the central bankers’ annual Jackson Hole meeting, global central banks are heading for a synchronized easing cycle after one of the most aggressive rate-tightening campaigns ever in 2022 and 2023. The most likely scenario is the Fed will cut by 25...
by admin | Aug 30, 2024 | Market Outlook, Weekly Wrap
Dear Friends, Central bankers from around the globe meet annually in Jackson Hole, Wyoming to discuss the global economy. The event gets a lot of media hype, and for good reason, since the event is often used to introduce new policy ideas. What we learned from Jackson...
by admin | Aug 16, 2024 | Market Outlook, Weekly Wrap
Dear Friends, Stocks must have gotten the memo that August tends to be weak historically. July, the eighth positive month in the past nine, was quickly forgotten as the beginning of August greeted us with a selloff. The primary catalyst was August 2’s...
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