The Markets (as of market close October 14, 2022) Wall Street closed generally lower last week, with only the Dow able to garner a gain. The latest data showed inflation is stubbornly rising, which could lead to more hawkish rate hikes from the Federal Reserve. While...
As Federal Reserve (Fed) officials continue to emphasize the Fed’s commitment towards restoring price stability, the dollar marches ever higher. Markets are currently pricing in another 75-basis point rate hike at the November 2 Fed meeting as calls for the Fed to...
The Markets (as of market close October 7, 2022) Market gains early last week were enough to outpace declines later, as stocks enjoyed their best weekly gains in a month. The Russell 2000, the Dow, and the Global Dow paced the benchmark indexes listed here. The...
Key changes from September report: Downgrading financials view to negative from neutral. Upgraded our view of duration to neutral Lowered S&P 500 Year-End Fair Value Target to 4,000-4,100 from 4,300-4,400. Investor sentiment was hit from multiple directions in...
On October 16, China will begin its 20th National Congress of the Chinese Communist Party in Beijing. This plenum is especially significant because it is expected that President Xi Jinping will be granted an unprecedented third term, something that he set in motion in...
