by David Wagner | Dec 5, 2022 | Blog, Market Updates
November 2022 Market Recap: The S&P 500 bounce in November (+5.4%) occurred as the US yield curve inverted further as the 10 year treasury yields rallied. This is the second straight month of strong gains, as October returned +8.1%. It feels as if the market is...
by David Wagner | Nov 16, 2022 | Blog, Market Updates
The Cincinnati Bengals had a BYE this week, so I thought that I would do some reflecting not only on their first ten games, but over my last two musings – earnings and the mid-term elections. For the former, unlike the Bengals expectations at the beginning of the...
by David Wagner | Nov 15, 2022 | Blog, Market Updates
I’ve been asked what we thought about the magnitude and sustainability of last week’s market reaction to Thursday’s CPI print. We love putting things into context and last week’s rally is very difficult to do so. Thursday’s CPI print spurred one of the biggest 1-day...
by David Wagner | Nov 2, 2022 | Blog, Market Updates
October 2022 Market Recap: The market ended the month +8.1% in October, as Q3 earnings season looks to be a complete redux of Q2 earnings season. There has been earnings weakness, but largely not as bad as feared in aggregate, while the market seems to be focused on...
by David Wagner | Oct 25, 2022 | Blog, Macro Updates
In some ways, the midterm elections have been demoted in importance as investors have been concentrating on Federal Reserve policy. It has been well-documented how markets have fared during previous midterm election years. However, the macro backdrop is quite...
