November 2022 Monthly Market Update

US stocks rallied in November, fueled in part by better-than-expected inflation data early in the month.  The S&P 500 recorded its biggest one-day gain of the year, rallying 5.5% on November 10th, following the Bureau of Labor Statistics’ Consumer Price Index (CPI) data release. While inflation remains, markets celebrated continued indications that inflation is easing…. Read More »

October 2022 Monthly Market Update

Stocks rebounded in October, with the S&P 500 gaining 8% and the Dow posting its largest monthly gain since 1976, up 14%. Bond markets stabilized following the U.K.’s abrupt fiscal policy turn towards less deficit-financed spending. For over a decade, bond markets rarely reacted significantly to governments borrowing heavily to fund larger deficits. With high… Read More »

September 2022 Monthly Market Update

The stock market had a significant rally in the first half of the third quarter, followed by another leg down in late August & September that took the major indices back to mid-June lows. Hawkish comments by the Fed regarding inflation pressures caused treasury interest rates to reach 12-year highs. Despite the pain higher interest… Read More »

August 2022 Monthly Market Update

Markets continued to rally in early August on optimism surrounding cooling inflation data, which led investors to think the Fed may begin to take a less aggressive stance on future rate hikes. Fed Chairman Powell, in a speech on the 26th, reiterated the Fed will not be backing down until it is clear victory can… Read More »

July 2022 Monthly Market Update

Stock and bond markets rallied in July, providing some consolation for 2022’s poor first-half performance. Despite high inflation data in June, some investors felt optimistic about the potential for inflation to moderate. Most commodities, including gasoline, copper, lumber, wheat, and corn, saw sharp declines. Import prices also fell, aided by the strong dollar and slowing… Read More »