Market Month July 2022

The Markets (as of market close July 29, 2022) July saw the stock market ebb and flow throughout the month. Sometimes the market reacted in response to news of some sort. Other times, stocks moved in anticipation of something that may happen. For instance, the latest quarterly corporate earnings reports generally have been better than […]

Market Update

Weekly Market Guide July 22, 2022 Review the latest portfolio strategy commentary from Mike Gibbs, managing director of Equity Portfolio and Technical Strategy. The S&P 500 is in the midst of its fourth ~10% oversold relief rally this year, up 8% from its mid-June lows. A positive development in the current bounce that differs from […]

Market Update Quarter 2 2022

The Markets (second quarter through June 30, 2022) For the first time since 2015, each of the benchmark indexes lost value for two consecutive quarters. They also posted losses for June, marking three consecutive down months for the tech-heavy Nasdaq, its longest losing streak since 2015. Investors watched for signs of an economic deceleration in […]

Market Update

Tuesday was the summer solstice, the longest day of the year and the beginning of the astronomical summer. The day is thought of as the perfect time of year as Americans get as many as eight additional hours of sunlight relative to the shortest day of the year in December, and temperatures are mild relative […]

Market Update

It has been a summer of volatility as markets officially plunged into bear territory on June 10 after a hotter-than-expected inflation report. On June 15, U.S. Federal Reserve Chairman Jerome Powell announced a 75 basis points (bps) increase to the benchmark interest rate – the largest since 1994. The Fed had originally telegraphed a series […]