Market Week: July 24, 2023
The week in review Retail sales was up 0.2% m/m Housing starts fell to 1,434k Industrial production was down 0.5% m/m The week ahead FOMC meeting Svcs. and mfg. PMIs Real GDP Consumer confidence & sentiment Thought of the week In recent weeks, markets absorbed a...Can This Stock Market Rally Continue?
Can the Bull Market Continue? To most people’s surprise, stock markets around the world are up. Market timing is rarely a winning strategy. It’s one of the reasons we encourage investors to develop their own personal investment strategies and stick to them. Our...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.