Market Week: July 17, 2023

June’s CPI report showed gathering disinflation with headline CPI rising 0.2% m/m and 3.1% y/y on a seasonally adjusted basis, well below peak inflation of 8.9% y/y a year ago. This trend is not unique to the U.S.: the OECD reported softening inflation in most major economies to 6.5% y/y in May, the lowest level for global inflation since December 2021.

Labor Markets May Be Coming Off Their Highs

The U.S. economy has proven to be more resilient in the first half of 2023 than many expected, as strength in the labor market has helped support consumption. But how much momentum does that labor market have? This week’s chart looks to quantify labor market momentum...

Stock Markets Higher in First Half of 2023

We are now in the second half of 2023. In the first half of 2023, stock markets did well. Both in the US and around the world. The S&P 500 is up 16.89% thru 6-30-2023. Other stock indexes also have done well. Developed market (DM) and emerging market (EM)...

Market Week: July 03, 2023

Stocks and bonds have had a strong start to the year due to resilient economic data, a bounce back in profit margins and a moderation in the market’s expectations for interest rates.

2023 Midyear Outlook – The New Reality for Investors

We are now mid-way through 2023, and I thought it a great time to look at the 2023 investment markets. See what has happened in the first half of 2023 and what’s possibly to come moving forward. We have included a comprehensive Midyear Outlook issue for you to...