Good riddance September. It was not nice knowing you, which is often the case for the stock market in September. This year, though, you were particularly awful.
The year 2022 is shaping up to be one for the record books, and unfortunately not in a good way. But all is not lost, and we're going to discuss how to keep bear markets in perspective.
It’s almost Election Day in the US once again. For those who need a brief civics refresher, every two years the full US House of Representatives and one-third of the Senate are up for reelection.
*Sorry for the delayed release on this. The stock market started last week on an upbeat note. Market participants had a rosy outlook for the future having latched onto the peak inflation, peak hawkishness, and soft-landing narratives.
Yesterday was a brutal day for stocks and bonds. The upside to challenging market environments like these is that they remind us that holding the line and staying invested are critical to long-term investment success.
One of the more vocal arguments against value investing stems from a belief that we’re in a “new normal” environment where innovative, or high-tech, companies have a leg up on “old guard” industries, such as energy or financials.
The market recovery has hit a bump due to uncertainty around interest rates and the Fed. Rates have driven markets all year with significant impacts on stock and bond prices, economic growth, the housing market, and more.
The week started with a thud and ended with an even bigger thud. The common catalyst was Fed Chair Powell's policy speech at the Jackson Hole Economic Policy Symposium.
Despite the first two quarters of 2022 bringing the worst US bond market returns since 1980, July delivered a positive beginning for bonds in the third quarter.
3rd Quarter 2022 Market Review and Commentary