Thrive Financial Services

Thrive Market Minute – Earnings Keep Markets Afloat

Earnings Keep Markets Afloat Tuesday, October 25th, 2022   Some dread existed as third-quarter earnings began in earnest last week. However, earnings have been mostly positive, beating low expectations. Better earnings helped markets last week, but anxiety about the economy’s trajectory and the path of interest rates continues to weigh heavily. We are hovering between …

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Thrive Market Minute – Next Rate Increase Locked In At 75 Basis Points

Next Rate Increase Locked In At 75 Basis Points Tuesday, October 18th 2022   September inflation data came in higher than expected last week. The producer price index (PPI) released on Wednesday was at the upper end of the consensus range at 0.4%, up 0.5 percentage points month-over-month. (August PPI was -0.1%.) The year-over-year PPI …

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Thrive Market Minute – Bank of England Pivot Sends Shudders Through a Fragile Market

Bank of England Pivot Sends Shudders Through a Fragile Market Tuesday, October 4th 2022   Markets kept sliding downward last week, as Hurricane Ian battered Florida and the Nord Stream pipelines sprung leaks. The human and economic impact from the hurricane on Florida will be significant, but as yet we don’t know the full effects. …

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Thrive Market Minute – Inflation Fears Intensify, Drive Markets Down

Inflation Fears Intensify, Drive Markets Down Tuesday, September 20th 2022   Domestic stocks fell sharply last week, as inflation fears intensified and short-term bond yields reached levels last seen in 2007. The S&P 500 recorded its largest weekly drop since mid-June, while the Dow tumbled 1,200 points on Thursday for its worst drop in two months.The defining event of …

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Thrive Market Minute – INFLATION DATA BLOWS UP MARKET’S NARRATIVE

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 …

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Art In The Park

Warmer months are a great time to get out and enjoy “art in the park” events featuring local artists. For example, in July, Plymouth, Michigan, is hosting its 42nd annual festival with more than 400 artists who paint, sculpt and work with ceramics, jewelry, glass, woodwork, and photography. In August, the Shadyside neighborhood of Pittsburgh …

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