by David Wagner | Jan 18, 2023 | Blog, Macro Updates
Stocks have rallied to start 2023 and the biggest reason for the early gains is that investors are interpreting further declines in inflation, slowing economic growth, and less-hawkish Fed rhetoric as increasing the chances for an economic “soft landing.” For...
by David Wagner | Jan 3, 2023 | Blog, Market Updates
December 2022 Market Recap: There was no “Santa Claus” rally in December – more of a “Santa Snooze” – as the market traded effectively sideways the last 2 weeks to finish the year at ~3840 on the S&P 500, near the midpoint of the ~3500-4200 range we have...
by David Wagner | Dec 5, 2022 | Blog, Market Updates
November 2022 Market Recap: The S&P 500 bounce in November (+5.4%) occurred as the US yield curve inverted further as the 10 year treasury yields rallied. This is the second straight month of strong gains, as October returned +8.1%. It feels as if the market is...
by David Wagner | Nov 16, 2022 | Blog, Market Updates
The Cincinnati Bengals had a BYE this week, so I thought that I would do some reflecting not only on their first ten games, but over my last two musings – earnings and the mid-term elections. For the former, unlike the Bengals expectations at the beginning of the...
by David Wagner | Nov 15, 2022 | Blog, Market Updates
I’ve been asked what we thought about the magnitude and sustainability of last week’s market reaction to Thursday’s CPI print. We love putting things into context and last week’s rally is very difficult to do so. Thursday’s CPI print spurred one of the biggest 1-day...
