Category Archives: Markets

The Battle Continues

Market Memo

May 2022 – By Kyle Rohrwasser

The war in Ukraine continues as governments look toward a slowing global economy with continued inflationary pressures. News outlets have decreased their war coverage, but the conflict and its economic impact remain real. European countries have seen rising energy prices and COVID lockdowns in China have added to supply chain woes. In the United States, we feel these effects domestically through rising food and gas costs mainly. Based on the rising value of the dollar to other currencies, it implies that we are in better shape than most other economies.

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Market Update

The S&P 500 is having its worst start to a year since 1939.  Almost all major sectors are sitting on year-to-date losses.  Fixed income, the traditional ballast of a diversified portfolio, is also off to a historically rough start for the year, the worst since 1842.  Treasuries, corporate bonds, and municipals have all declined this year.  Holding cash carries its own risk with inflation sitting at multi-decade highs. 

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The Fed Prepares to Make a Move

Market Memo

February 2022 – Dan Zalipski, CFA®

The markets have been volatile in the past several weeks.  The timetable for the Federal Reserve to raise interest rates continues to compress as the threat of inflation persists.  As recently as September, the Fed was indicating they wouldn’t raise rates until 2023.  Five months later, and Fed officials are openly suggesting we may see a 0.50% hike as soon as March.  In a market where quarter-point hikes are considered standard, a half-point hike would suggest the Fed waited too long to make their initial move and are now attempting to play catch-up.  Unfortunately, the Fed’s attempt to provide some relief to main street will likely cause some pain for Wall Street. 

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