INFLATION DATA BLOWS UP MARKET’S NARRATIVE Wednesday, September 14th, 2022 Until today, the market was self-indulging in the thought that we had reached “peak” inflation and that the Federal Reserve’s hawkishness was all smoke and mirrors. Markets reasoned that inflation would continue to decline and a Fed that appears predisposed to be dovish would …
Thrive Market Minute – INFLATION DATA BLOWS UP MARKET’S NARRATIVE Read More »
This Week In Review: July 11 – July 16 And the hits just keep on comin’ Consumer price index (CPI) and producer price index (PPI) numbers for June were released last week — and the data’s not pretty. CPI came in at a new 40-year record high of 9.1%, 50 basis points higher than in …
Markets Sink Following Inflation Report Inflation numbers are headed in the wrong direction. June’s consumer price index (CPI) came in at 9.1%, surpassing the expected 8.8% and hitting a fresh 40-year high. The number pretty much locks in another interest rate rise of 75 basis points (.75%) at the Federal Reserve’s next meeting, scheduled for …
THE WEEK IN REVIEW: June 19-25 Finally! A positive week for markets After finishing down in the past 10 of 11 weeks, markets finally showed signs of life last week. A sharp rally helped boost the S&P 500 out of the bear market territory, while the Dow added more than 800 points late in the …
THE WEEK IN REVIEW: June 20 Interest rates spike, markets rally The Fed met on Tuesday and Wednesday. Expectations last week were for it to raise rates another 50 basis points (bps) and for the Fed Funds rate to rise to 1.25%, but over the weekend it was leaked that the Fed would rise by …
THE WEEK IN REVIEW: June 5 – 11 Inflation Gets Worse The Consumer Price Index (CPI) climbed back to 8.6% after dipping to 8.3% in May, setting a new 40 – year high. (The previous recent high was 8.5% in March.) So much for peaking inflation; it seems we’re heading in the wrong direction. Prior …
In recent months, Procter & Gamble has raised prices for its Tide, Gain, Downy and Bounce product portfolio. It recently announced that this spring, consumers also will start paying more for many of its personal health care brands. The company is hardly alone. Nestle, Danone, Unilever and other consumers goods giants say their prices will …
In mid-to-late January, investors experienced one of those common but utterly nerve-wracking pullbacks in the stock market. An accumulation of factors — inflationary pressure, potential adjustments to monetary policy, geopolitical concerns — combined to put the stock market into a tailspin. If there is one reminder that might provide investors comfort, it’s that none of …
Catch up on some summer reading with our July Newsletter! Februrary Newsletter 2022
In 2019, the millennial generation (born from 1981 to 1996) surpassed the number of baby boomers (born between 1946 and 1964) in the United States. Today, one in four people is a millennial.1 Many millennials came of age at the turn of the millennium, which means they were aware of the fallout from the 9/11 …