The past couple of weeks in economic news provided something for everyone. There was enough new economic data to support both the “recession is coming” and the “soft landing” camps.

Corporate earnings reports, while underwhelming, so far have not appeared as bad as many analysts had feared. Investors are gearing up for another important week of corporate results, with over 100 companies in the S&P 500 index set to report results this week.

The fourth-quarter Gross Domestic Product (GDP) growth number indicated a solid, if weakening, posture compared to the third quarter. The U.S. economy expanded at a 2.9% annualized rate in the fourth quarter, slightly exceeding consensus estimates of 2.8% but down from the third quarter’s 3.2% growth rate.

In inflation news, the Personal Consumption Expenditures price index (the Federal Reserve’s preferred measure of inflation) rose 3.2% in the fourth quarter. That was lower than the third quarter’s 4.8% increase, though it remains above the Fed’s 2% inflation target rate.

The markets believe the Federal Reserve is all but certain to raise interest rates by 0.25% at their meeting this Wednesday. The bigger question remains: when will the Fed pause its hiking regime? Will the Fed achieve a “soft landing,” or will we indeed see a recession this year due, in part, to interest rates that the Fed pushed higher in a historical fashion last year?

While we don’t know the answers to those questions yet, we’re committed to staying up to date and helping you navigate your financial plan in any environment.

January 30, 2023

Market Update | January 30, 2023

The past couple of weeks in economic news provided something for everyone. There was enough new economic data to support both the “recession is coming” and […]
January 18, 2023

Market Update | January 18, 2023

The December inflation report had some encouraging news. It showed that consumer prices trended lower for the month, but more importantly, it confirmed that overall prices […]
December 19, 2022

Market Update | December 19, 2022

Two weeks ago, we wrote, “Last week [was] choppy for stocks. Crosscurrents about interest rate outlooks seem to be batting the market around.” The same basis […]
December 6, 2022

Market Update | December 6, 2022

Last week and yesterday were choppy for stocks. Crosscurrents about interest rate outlooks seem to be batting the market around. The past several days feel like […]
November 29, 2022

The Financial Year Wrap-up

It’s almost time for the busyness of year-end! My to-do list seems to grow this time of year. The same may be true for you. It […]
November 21, 2022

Market Update | November 21, 2022

U.S. stock indexes have taken a step higher since our Market Update two weeks ago. During the prior two weeks through Friday, the S&P 500 index […]
November 2, 2022

Final Rules for Inherited IRAs Closer to Being Known

Certain tax planning questions about inherited IRAs and other inherited retirement accounts have confounded beneficiaries and financial planners alike for nearly three years. The SECURE Act, […]
October 24, 2022

Market Update | October 24, 2022

Last week was a positive one for the U.S. stock market. The S&P 500 ended higher by more than 4% for the week. The DJIA finished […]
October 5, 2022

Market Update | October 5, 2022

Last week U.S. stocks ended the third quarter at their low point of the year. Then amazingly enough, on Monday and Tuesday the Dow rallied more […]
September 19, 2022

Market Update | September 19, 2022

The week of September 5 (two weeks ago) saw a bounce for U.S. stocks from the prior week. However, last week delivered a downward reversal again. […]
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