by Fehrman | Sep 18, 2023 | Market Update, Markets and Investing
The Economy: This summer, economic growth was spurred on by travel and leisure spending from consumers. In November 2022, we saw estimates for 2023 GDP at 0.3%. In August, estimates were around 1.5%. As the summer spending supported the economy, many economists have...
by Fehrman | Mar 21, 2023 | Market Update, Markets and Investing
March 2023 Market Update Banking Sector The Fed has raised rates at an unusually aggressive pace over the last 12 months. This directly impacts banks’ earnings from net interest margin, the spread between deposit rates and interest rates for lending. Last Tuesday,...
by Fehrman | Jan 18, 2023 | Market Update
2022: The Year Behind It was a dismal and unprecedented year in the stock and bond markets. To put in perspective, since 1976, only 2% of the time do both stocks and bonds experience a difficult year at the same time. However, we are long term investors, and even...
by Fehrman | Oct 13, 2022 | Market Update, Markets and Investing
The Federal Reserve & The Economy The main cause for the Fed raising rates is the high rate of inflation (8.31% 2022 vs. 4.68% in 2021). Current Federal Funds rate: 3.25% vs. 0.25% in 2021 This level has moved into a restrictive phase where the...
by Fehrman | Jun 9, 2022 | Market Update
Federal Reserve Policy: Currently, the main challenge of the Fed is lowering inflation without causing a hard landing. However, Raymond James’ base case is that the Fed will be successful in engineering a soft landing, fueled by strong job creation, a strong consumer,...
