Market Week: August 15, 2022
Following a relentless rise in inflation this year, markets have finally been able to breathe a sigh of relief as the July inflation figures were softer than expected.
Following a relentless rise in inflation this year, markets have finally been able to breathe a sigh of relief as the July inflation figures were softer than expected.
In July, the U.S. economy added over 500,000 jobs as the unemployment rate fell to 3.5%. Economists expected job growth would total just 250,000 last month.
Following a series of disappointing economic data releases, including a second consecutive negative quarter of GDP growth, the July Jobs report blew past expectations…
In the turbulent 2022 investment year that we’ve had thus far, here’s some good news: July 2022 S&P 500 index was up 9.22%.
If your practice has a 401k retirement plan, reminder of some key 2022 deadlines.