As of Friday’s close, large cap equities are down 21.6% YTD. This is more than explained by declining P/E multiples, as earnings expectations themselves have proven relatively robust, despite increasing recession concerns.
By the end of the summer, investors had adopted a view that inflation would decelerate at a healthy pace into the end of the year.
As economic growth slows this year, a key question for investors is whether job openings can fall from their historical highs without a substantial rise in unemployment.
From bonds (U.S. Fixed Income -2.8%, Global High Yield -1.5%) to equities (U.S. Large Cap -4.1%, U.S. Small Cap -2.0%) to commodities (Bloomberg Commodity Index +0.1%)…
On Friday, Federal Reserve Chairman Jerome Powell reiterated that inflation remains too high and that the central bank is determined to bring it back down to its 2% target…
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.