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Market In A Snap! January 23rd – January 27th, 2023

US Markets rallied this week with all three major indices posting gains on the back of a better-than-expected Q4 ’22 GDP report and corporate earnings.  On the economic data front, the initial estimate of 2022 Q4 growth was 2.9%, beating estimates and the PCE price index reported a 5% gain from December ’21 – slightly below expectations and the lowest reading since September 2021. 

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Market In a Snap! January 9th – January 13th, 2023

For our first market recap of 2023, we take a moment to both reflect on the year past and look forward to the year ahead. 2022 was a challenging year for investors; both the broad stock market and bond market finished in negative territory and a blended portfolio of 60% stocks and 40% bonds had its worst year since the 1930s.

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Market In A Snap! November 28th – December 2nd, 2022

We have been conditioned to believe that Apple will always be “Apple”.  No company has every dominated corporate America indefinitely. Apple will likely remain one of the larger Corporations in America for a while, but don’t expect the same share price growth that we’ve witnessed over the past 15 years. 

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Market In A Snap! November 7th-November 11th, 2022

The market finally got the inflation data it so desperately wanted on Thursday.  The Consumer Price Index (“CPI”) clocked in at 7.75% annualized for October.  It was a disappointing 8.2% the previous month.  Markets participants witnessed the best day for equities since April 2020. 

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Market In A Snap! October 31st – November 4th, 2022

As you have likely asked yourself with previous weekly updates, what does this have to do with investing!?  Well, truth be told, not much really.  Not directly anyway.  Like baseball, investing is a marathon, not a sprint.  Baseball owners hire general managers to run the team. 

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Market In A Snap! October 17th – October 21st, 2022

Equity markets capped off a strong week Friday by rallying immediately after the Wall Street Journal reported that there might be some deliberation amongst Fed officials about the path of interest rates after the expected 75 basis point hike at the next Federal Reserve Open Market Committee decision on November 2nd.

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Market In A Snap! October 3rd – October 7th

The labor market isn’t slowing enough, and people are leaving the job market, decreasing the labor participation rate again. Its just not what traders wanted. As a result, the dramatic rise in markets on Monday and Tuesday were almost erased. We’ve witnessed this whipsaw action for months now.

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Market In A Snap! September 26th – September 30th

Hurricane Ian made landfall on the west coast of Florida this week causing massive damage to the state.  The storm surge and ensuing rainfall from Ian as it made its way across central Florida caused upwards of $40 billion in insured losses according to early estimates reported in the Wall St. Journal.  It could shave off 0.3 percentage points off the country’s Q3 economic growth.

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Market In A Snap! August 29th – September 2nd, 2022

Investors are engaged in a game of tug-of-war. What are they fighting about? Fear. Inflation fears and recession fears. Each piece of economic data seems like the bell starting the next round. Employment data for August was released Friday, showing 315,000 jobs being added, down from a revised 526,000 jobs in July.

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Market In A Snap! August 22th – August 26th, 2022

The markets took an abrupt change Friday morning after Fed Governor Jay Powell delivered his speech at the Jackson Hole, Wyoming economic symposium. Consensus coming into the meeting was that the heavy lifting on rate hikes was behind us and the old dovish tone would return from Mr. Powell. It was not to be.

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