August 2023 CPI: Progress Continues

by John Luke Tyner | Aug 11, 2023 | Blog, Bonds

The July CPI came out to be another soft report and points to further moderation in inflation. Headline CPI increased by 0.2% MoM (0.167% unrounded), which resulted in the YoY rate increasing two-tenths to 3.2% as base effects were less favorable than last month. For...

“The unemployment rate is one of the lowest readings in decades, however, the labor economy is strong and it will likely keep the Fed on their toes”

by Marketing | Aug 8, 2023 | Market Notes, Media Notes

Jobs Report Shows Pace of Hiring Slowed in July: What the Experts Are Saying

Fitch Downgrades US Credit Rating

by John Luke Tyner | Aug 2, 2023 | Blog, Bonds

We’ve all seen the news that Fitch downgraded the US Government’s credit rating from AAA to AA+. Fitch’s move follows a similar cut by S&P about 12 years ago.    Source: Bloomberg as of 08.01.2023   Moody’s continues to rate the US AAA (wonder where the...

Rearview to Windshield, August 2023

by David Wagner | Aug 2, 2023 | Blog, Market Updates

July ‘23 Market Recap: The S&P 500 gained 3.2% in July on a total return basis, the fifth month of gains and the ninth straight positive July. Less favorable seasonality in late summer has investors cautious, but lately, it appears that the path of least...

“If you look at the absolute level, what I would say the market focuses on over longer periods of time, the US consumer remains very, very strong”

by Marketing | Jul 28, 2023 | Market Notes, Media Notes

Fed’s messaging has been consistent, but market isn’t listening: Strategist