This year the stock and bond markets have been incredibly difficult to navigate. While we are generally pleased with how our multi-strategy investment process has performed for our clients, it's important for us all to keep the environment in perspective. So, how bad is this year? In today's Monthly Market Monologue, we answer that question.
In today's video, we discuss the retesting of the June lows. We also provide an update on how this year compares to all the years since 1976. (It's not good.) Do the bears have control? Will the economy get worse?
FedEx reports their quarterly results this week and concurrently lowered their guidance for the upcoming quarter. Their CEO also stated that they are concerned about a worsening global economic slowdown. In this week's video we discuss the latest CPI figures, both the headline CPI and "Core" CPI. In short, inflation does not appear to be going away anytime soon. We also discuss how much cash is appropriate and whether or not the 4% rule still applies.
A team of researchers are suggesting that the unemployment rate in the United States might have to go as high as 7.5% in order to curb inflation. If that were to happen, what would that imply for the US economy?
In this month's market review, we review Fed Chairman Powell's speech at Jackson Hole. We look at how the stock market responded to that speech and break down the implications of what he said.
In this month's market review, we review whether or not July was just a Bear Market rally or have we really seen the bottom of this market decline? To that end, we review the 14 different components of our Vertical Speed Indicator (VSI) to see if it has flipped back to a "buy" signal. Finally, we review the economic data to discuss whether or not we are in a recession. Naturally, we continue to discuss how the Fed can fight inflation.