Peek of the Week - Weekly Market Commentary for November 20, 2023. Today's Peek of the Week asks, "is it done yet?" and we aren't talking about the Thanksgiving turkey! Investors enthusiastically embraced the idea that the Fed could be done raising rates and might even begin to lower them. Inflation eased and the Consumer Price Index showed U.S. inflation running flat from September to October. Core inflation (which excludes volatile food and energy prices) is up, and we also saw gasoline and fuel oil prices dropping. While a slower pace of overall price increases is great news, inflation remains well above the Fed’s two percent target. Our PEEK also shares employment and hiring details, while noting that stocks moved higher last week.
Read MorePeek of the Week - Weekly Market Commentary for October 23, 2023. We share a recap of all the uncertainty cycling through the markets. According to a survey released by Investopedia last month, investors are currently most concerned about: inflation, the upcoming election, a recession, interest rates, U.S. tension with China, the war in Ukraine, the war in Israel, the U.S. credit rating and climate disasters. The ability to stay calm and consider the big picture becomes extremely important in the midst of uncertainty. We take a deeper look at the history of stock market performance and compare it to the tumultuous challenges of our current day.
Read MorePeek of the Week - Weekly Market Commentary for October 16, 2023. Investors are currently considering geopolitics, the war in Israel, inflation, consumer sentiment, government shutdowns and volatility. In the last week, we've seen a war get declared with high death tolls and now the risk of it increasing in Israel's surrounding region has appeared. Americans are experiencing persistent inflation which has consumers feeling less optimistic. The good news is that banks did well in the third quarter.
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