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Last Week’s Markets in Review: Fed likely to Slow Future Interest Rate Hikes

The positive move in the stock market last week was based primarily on three events that took place during the week. On Tuesday, Federal Reserve Chairman Powell made his first public statement for the new year in a speech delivered to Sweden's Riksbank ... Read More

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Last Week’s Markets in Review: Slower Wage Growth Pushes Stocks Higher

For our readers that have not done so already, we suggest reviewing our Top 10 Investment Themes for 2023 ... Read More

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Last Week’s Markets in Review: Investors Hope for Better Days in 2023

The last week of any calendar year typically is a quiet week for economic developments, and 2022 was a good example of this. The most eventful data released last week was the weekly jobless claims on Thursday ... Read More

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Last Week’s Markets in Review: GDP and PCE Data Stun Hopes of a Santa Clause Rally

Just one day after U.S. markets reported strong consumer confidence figures while simultaneously getting strong corporate earnings figures from companies such as Nike and FedEx, the third estimate of 3rd quarter U.S. real gross domestic product (GDP) delivered on Thursday indicated an increased annual growth rate of 3.2% ... Read More

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Last Week’s Markets in Review: Fed Raises Rates Again as Economy Slows

As widely anticipated, the Fed raised interest rates by another 50 Bp (0.50%) on Wednesday, bringing the Fed Funds Target Rate within a range of 4.25% - 4.50% ... Read More

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Last Week’s Markets in Review: Prevalent Recession Concerns Ahead of Rate Hikes

A quiet week of economic data did not translate equally to markets. The S&P 500 VIX, a measure of the 30-day implied volatility of the S&P 500 Index, increased 19.77% last week as market participants continued their gut-wrenching task of predicting Fed rate hikes and future probabilities of a recession. As exhaustive as these two themes have been throughout 2022, they are impossible to ignore ... Read More

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Last Week’s Markets in Review: Powell Suggests Smaller Rate Hikes Ahead

The past week saw the release of new data concerning the economy, inflation, and employment. Even with a full calendar of meaningful economic data, the headline event was Federal Reserve Chairman Jerome Powell's speech last Wednesday. Throughout this update, we will analyze Powell's speech and the markets' reaction to the Chairman's comments ... Read More

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Last Week’s Markets in Review: Thanksgiving Day Inflation and FOMC Minutes

In the holiday-shortened trading week, markets were relatively stable as all market-moving data funneled in on Wednesday. Durable goods orders rebounded sharply in October as new orders came in at 1% month-over-month and above consensus expectations of 0.4%. Weekly jobless claims were reported at 240,000, above consensus estimates of 225,000 ... Read More

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