Weekly Market Commentary THE WEEK IN REVIEW: Sept. 29-Oct. 5, 2024 Jobs data points to fewer cuts by end of year After the Federal Reserve delivered its first rate cut in over two years, all eyes are now on how many more cuts we will see, how soon we can expect them and whether the…

Weekly Market Commentary THE WEEK IN REVIEW: Sept. 22-28, 2024 Market defies September tradition The Federal Reserve delivered its long-awaited rate cut on Wednesday, Sept. 18. Markets paused initially and then surged in the two days following the announcement, then posted new highs in the first half of last week. We took a step back…

Weekly Market Commentary THE WEEK IN REVIEW: Sept. 15-21, 2024 The Fed finally cuts rates The Federal Reserve finally delivered the long-awaited rate cut last Wednesday. The Fed began raising rates in March 2022 from zero, paused for a month in June 2023, and hit us with a final 25-basis-point (0.25%) hike at the July…

Weekly Market Commentary THE WEEK IN REVIEW: Sept. 8-14, 2024 Inflation rate continues to decline, but it’s a cautionary tale The August Consumer Price Index (CPI) came in at 2.5% year-over-year last week. However, let’s put things into context before we declare victory over inflation and start popping champagne corks in celebration. Inflation is approaching…

Weekly Market Commentary THE WEEK IN REVIEW: Sept. 1-7, 2024 When bad news finally means bad news The beginning of September was a stark reminder of just how volatile September and October have been historically. After a strong end to August, we returned from the long Labor Day weekend to a skittish market — and…

Weekly Market Commentary THE WEEK IN REVIEW: Aug. 25-31, 2024 How much should the Fed cut? As we head into September, conversations will begin to pick up and grow louder as to exactly what the Federal Reserve should do at its next meeting on Sept. 17-18. The second reading of second-quarter gross domestic product (GDP)…

Weekly Market Commentary THE WEEK IN REVIEW: August 18-24, 2024 Fed takes its foot off the gas The Federal Reserve’s annual symposium continues to be a significant news-making event in between their regular meetings. Central bankers from around the world flew into Jackson Hole, Wyoming, last week to attend what has become the globe’s premier…

Weekly Market Commentary THE WEEK IN REVIEW: Aug. 11-17, 2024 Not enough just yet The Producer Price Index (PPI) and Consumer Price Index (CPI) readings for July were reported last week. Both showed that inflation is declining but is inching downward in an almost painfully slow manner. The decline from 3.0% to 2.9% in CPI…

Weekly Market Commentary THE WEEK IN REVIEW: Aug. 4-10, 2024 Market turbulence continues as recession worries persist It was hard to avoid seeing what happened last week as the recent decline in equity markets continued. Markets took a huge hit on Monday, with the volatility index (VIX) spiking before settling in the mid-20s. That’s a…

Weekly Market Commentary THE WEEK IN REVIEW: July 28 – August 3, 2024 Markets drop amid recession worries, Fed rate decision and global pullback It’s somewhat of an understatement to say last week was a rough one for markets. The slide started midweek, when the Federal Reserve decided to keep rates where they are for…