The Inflation Reduction Act includes health-care and energy-related provisions, a new corporate alternative minimum tax, and an excise tax on certain corporate repurchases of stock.
Q2 2022 Market Comments
Stock and credit markets were buffeted throughout the quarter by steep price declines, short but sharp recoveries followed by renewed downturns carrying prices to new lows.
May 2022 Market Commentary
Inflation not moderating, price resistance for non-essentials growing, Fed finally begins shrinking the balance sheet.
April 2022 Market Commentary
Fed tightening but Powell's heart doesn't seem to be in it.
Cost of living, lack of growth policy, and rising interest rates combining to squeeze consumers and threaten economic expansion later this year.
Q1 2022 Market Comments
Will Fed follow through combating inflation; rising mortgage rates and falling truck-loadings suggesting slowdown developing if consumer spending dips.
War and inflation continue, earnings likely to continue expanding but wage growth failing to preserve worker purchasing power.