Headwinds looming as the Fed begins fighting inflation; Russia and China loom as stability threats; Congressional majorities likely to change in November.
Q4 2021 Market Comments
Bond yields may rise significantly during 2022 but equities will likely remain the best game in town for investors seeking long term returns that outpace inflation’s impact on purchasing power.
Inflation and Interest Rates
Wringing inflation from the economy can be like ripping the band-aid off a wound if approached with history in mind: It will hurt but hopefully not for long. Whether the Fed pursues more aggressive inflation cures remains to be seen.
November 2021 Market Commentary
Global equity markets turned lower in November after a positive beginning.
October 2021 Market Commentary
By month’s end, most US broad equity benchmarks had touched new all-time highs more than once with the exception of indexes tracking small capitalization companies.
Q3 2021 Market Comments
Volatility increased dramatically after several months of lackluster activity. This year, September lived up to its historical reputation as the worst month for equities.
The Budget and the Debt Ceiling: Federal Spending in the Crosshairs
On September 28th, Treasury Secretary Janet Yellen informed Congress that the government will be unable to pay all of its bills if Congress does not raise the debt ceiling by October 18th.
Advancing Tax Proposals Put Corporations and High-Income Individuals in Spotlight
A number of advancing tax proposals have put corporations and high-income individuals in the spotlight.