Sell in May?
While the market maxim says to “sell in May,” since 1945, the S&P 500’s median performance during May has been a gain of 1.0% with positive returns 60% of the time. In years when the S&P 500 has been up year-to-date (YTD) through April (like this year), its...Market Week: May 01, 2023
The week in review Consumer confidence fell to 101.3 Prelim. 1Q23 GDP came in below consensus at 1.1% Headline/Core PCE: 4.2%/4.6% y/y The week ahead FOMC meeting JOLTS Mfg. and services PMIs Employment Thought of the week At the March meeting, 17 out of 18 FOMC...Debt Ceiling Showdown: Should Investors Worry?
Stop me if you’ve heard this one before: U.S. lawmakers are clashing over a legislative action to raise the federal debt ceiling. The issue has been percolating for months but could come to a head this summer as the U.S. Treasury starts running out of money to pay its...Market Week: April 24, 2023
On the back of rising mortgage rates, construction activity cratered in 2H 2022, with housing starts falling by 40% and 14% annualized in 3Q22 and 4Q22, respectively…