Dec 15, 2022 | Market Commentary
Federal Reserve December Meeting As expected, The Federal Reserve raised short-term interest rates Wednesday by 0.50%, which brings the rate to around 4.5%. In the statement accompanying the move, Federal Reserve Chairman Jerome Powell’s use of the phrase “ongoing...
Nov 15, 2022 | Market Commentary
Has Inflation Peaked? Last week’s surprisingly positive Consumer Price Index (CPI) number created an upward surge in the market on Thursday and Friday. The October CPI was released, and the core rate of inflation at the consumer level rose by 0.3%, which beat the...
Nov 1, 2022 | Market Commentary
Current Conditions All eyes are still on the Federal Reserve right now. The expectation for the November meeting this week is that the Federal Reserve will raise interest rates 75 basis points. A month ago, the Fed clearly sent the message that they would do whatever...
Oct 1, 2022 | Market Commentary
Current Conditions Recently, I have spent a lot of time examining market indexes to identify possible points of support and resistance, and the June lows seem to be a logical point of support. This week the S&P 500 and the Nasdaq indexes both hit that level of...
Sep 15, 2022 | Market Commentary
Ten weeks ago, on July 1, 2022, we were wondering if the stock market had reached the bottom yet. At that time, I wrote that the economic data coming out was not positive and stock buying was not happening at that time, so the markets might not have reached the bottom...
Sep 1, 2022 | Market Commentary
Recently I looked at our family budget to compare how much more we were spending on groceries and fuel in 2022 versus 2021 and 2019. I skipped 2020 as it was such an odd year due to covid. I knew we were spending more even though it felt like we were buying less, so I...
Aug 1, 2022 | Market Commentary
Bad News Makes Us Nervous It’s certainly easy to get nervous about your investments after the barrage of bad economic news last week. The Federal Reserve raised its federal funds rate by 75 basis points on Wednesday—the 4th time they have raised it this year. Rates...
Jul 15, 2022 | Market Commentary
In January of 2007, Steve Jobs changed the world as we know it by introducing the iPhone, which essentially put a pocket computer in the hands of the masses. Before long, all types of media became a constant presence in our lives. Kids born this century will have no...
Jul 1, 2022 | Market Commentary
As I have written many times before, it is impossible to time the market, but as Winston Churchill once said, “History repeats itself.” Historically measuring the breadth of the market is one of the indicators that can give us a clue as to how close we are to a market...
