April 2022 Economic Dashboard

Stocks and bonds sold off in April as interest rates continued to rise and the U.S. dollar index hit a 20-year high. All else equal, a stronger dollar applies downward pressure to inflation as imports become cheaper. The strengthening dollar and rising interest rates are not unrelated. Europe and Japan’s central banks are hardly budging… Read More »

March 2022 Economic Dashboard

Markets stumbled out of the gate this year as fears of a Russian invasion of Ukraine became a tragic reality. Despite the geopolitical turmoil, the Dow and S&P 500 ended the quarter higher than before the war began. The consequences of the conflict, including international sanctions, will significantly impact the global economy. Russia is a… Read More »

February 2022 Economic Dashboard

The Russia-Ukraine conflict dominated financial headlines in February, leading to modest declines for U.S. stock indices. Interest rates continued to climb most of the month but dropped following the invasion. Mounting international sanctions have put the Russian Ruble into free-fall, as businesses and individuals rush to sell Russian assets. The U.S. economy and stock market… Read More »

January 2022 Economic Dashboard

January was an eventful month in financial markets. Fourth quarter real GDP growth came in at 6.9% as businesses replenished inventory and consumer spending remained strong despite less government stimulus. The Federal Reserve continued to accelerate plans for interest rate hikes, signaling a likely first hike in March to combat inflation. How inflation responds to… Read More »

December 2021 Economic Dashboard

2021 was an outstanding year for U.S. stocks. The S&P 500 rallied nearly 30% on low volatility by historical standards (there was not a single correction of 6% or more). Fiscal and monetary stimulus, combined with a rapidly reopening economy, helped propel the market higher. We enter 2022 with a much stronger economy than a… Read More »