Market Week: October 31, 2022
With over half of the market reporting, our current estimate for 3Q22 S&P 500 operating earnings per share (EPS) is $52.42. If realized, this would represent y/y growth of 0.8% and q/q growth of 11.9%.
IRS Increases 2023 401k Maximum Deferrals to Record Levels
This past Friday, the IRS released the new 2023 retirement contribution limits .
Market Week: October 24, 2022
As the U.S. Federal Reserve continues to aggressively tighten monetary policy, the average 30-year mortgage rate has skyrocketed to a two-decade high of 6.94%.
Market Returns After Midterm Elections Have Been Strong
In a year when soaring inflation, the war in Ukraine and a bear market have commanded headlines, the U.S. midterm elections risked becoming an afterthought.
Market Week: October 17, 2022
Following a string of upside surprises, the September CPI report dashed hopes for a deceleration in inflation.