by admin | Nov 10, 2024 | Market Outlook, Weekly Wrap
At The Legacy Foundation, we would like to commemorate and honor active and former brave men and women who have gallantly served our country. A special thanks to Patrick Hamilton here at the Legacy Foundation for his Naval service for over a...
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...
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