Market update

Banking systems and FDIC insurance have captured public interest in the wake of the Silicon Valley Bank (SVB) failure. How much do you know about the fractional reserve banking system? In a fractional reserve banking is a system, banks... Continue Reading

When you hear the word RECESSION, what goes through your mind? How does it make you feel? Is it a scary word? Or, is it an opportunity word? With words like RECESSION, we have three factors to consider: The... Continue Reading

Where is the market headed in 2023? The real question is where is the Fed going in 2023? One year ago, the Fed was suggesting that the inflation we were seeing was transitory. I was suggesting my clients that... Continue Reading

After seeing the market go up 5% earlier this week, only to retrace gains at the tail end of the week, is this market a bottomless pit? I recently wrote about the fallacy of waiting for things to normalize.... Continue Reading

Inflation persisted in the month of August. The release of the inflation readings this morning sent the market on a selling spree. Gas prices - the pain of the summer - are lower; however, food, shelter, and medical costs... Continue Reading

What defines a recession? Well, the answer depends on who you ask. A Google search of the definition is currently returning all sorts of interesting results. For example, the Wikipedia definition has a disclaimer right at the top of... Continue Reading

Today's CPI report shows inflation is up 9.1% from one year ago.  It's the highest rate in more than 40 years - again - and it appears we may still not yet have seen peak inflation. As a quick... Continue Reading

Do you remember 1970? 1970 is a few years (plus a few more) before I was born, so I had to look up some of the events from that year. Of note: The Beatles officially disbanded after less than... Continue Reading

The Federal Reserve raised its benchmark interest rate by 75bps, or 0.75%. It's the most aggressive single rate hike going back to 1994 in an attempt to combat soaring inflation. Fed officials also significantly cut their 2022 GDP growth... Continue Reading

Looks like we're in it... you know, the dreaded "it". Bear market territory The S&P 500 has officially entered bear market territory. Gains in the index going back to the end of January 2021 have been taken off the... Continue Reading

After holding the line for multiple days, the S&P 500 fell into bear market territory yesterday…. only to bounce back in the final 20 minutes of trading, closing flat on the day. As a refresher, a bear market is... Continue Reading