Archives for July, 2023

  1. July 31, 2023

    The Federal Reserve raised interest rates for the eighth time in the last twelve months. Going from 0% to 5.5% is now the fastest and highest rates have been in 22 years. We should be at, or near, the very end of the Fed’s rush to raise rates in an effort to combat… More >>

  2. July 24, 2023

    Second quarter earnings season kicked off with a slightly weaker set of results than expected. According to FactSet, 18% of S&P 500 companies have reported results so far. These companies have posted a blended earnings per share decline of 9% on a year-over-year basis,… More >>

  3. July 17, 2023

    It’s been a long slog for those of us living in the “inflation is transitory” camp.  We’ve gone a little quiet over the last year as inflation persisted and actually accelerated.  The “base effect” or year-over-year change from 2021 to 2022 didn’t provide any relief.… More >>

  4. July 10, 2023

    I don’t put much weight into forecasts especially when it comes to long-term investing. Even those with the most access to the best data get it wrong. That point is made abundantly clear by our friend and bestselling author Morgan Housel. Take a quick look at this very… More >>

  5. July 3, 2023

    The second quarter ended with strong equity performance across most equity indexes. 1 Take a look at how we see the coming quarter by clicking on this link to our Q3 2023 Look Ahead. Inflation continues to moderate, with prices for food, energy, and rent declining.… More >>