Economic Update August 30, 2022 Economic data for the week included a slight upward revision in Q2 GDP, good results from consumer sentiment and jobless claims, little change in durable goods orders, while housing data continued to show weakness. Equity markets fell back in the U.S. and developed foreign markets, while emerging markets fared positively. […]
The stock market has more myths than ancient Greece. We’ll use research and facts to debunk the 6 most common ones. 1. BUY LOW, SELL HIGH Myth: The buy low idea suggests that the best time to buy a stock is after it’s fallen a great deal. Fact: Research shows that many of the greatest […]
Economic Update August 22, 2022 Economic data for the week included strength in industrial production, little change in retail sales, and mixed results from several regional manufacturing surveys. Housing data also continued a string of weak monthly reports. Stock markets fell back globally, with U.S. equities faring a bit better than Europe and Asia, and […]
Economic Update August 15, 2022 Economic data for the week included consumer price inflation coming in little changed on the headline side, while producer price inflation declined on a headline level. Consumer sentiment improved more than expected. Global equity markets rose sharply last week, as slowed inflation results led to positive sentiment. Bonds fared positively, […]
July 13, 2022 Patrick Villanova, CEPF When saving for retirement, you’ll typically have two choices for how you’ll fund your IRA. With a traditional IRA, you’ll contribute pre-tax dollars that will grow inside the account tax-free and be taxed when the money is withdrawn. A Roth IRA, however, taxes your initial contribution so that you […]
Economic Update July 25, 2022 Economic data for the week included weakness in housing markets—seen in disappointing results for existing home sales, housing starts, and homebuilder sentiment. The index of leading indicators continued a string of monthly declines, and jobless claims rose. Global equities experienced gains again last week, with foreign markets leading U.S. Bonds […]
The Federal Reserve Open Market Committee raised the fed funds rate today by another 0.75%, to a new range of 2.25-2.50%. The vote was unanimous, with no dissents, unlike June’s meeting. The formal statement language changed little, but noted ‘recent indicators of spending and production have softened’. However, job markets were still described as […]
Economic Update July 19, 2022 Economic data for the week included both producer and consumer inflation coming in higher than expectations, and continuing the string of multi-decade highs, which have weighed on business and consumer sentiment. Jobless claims also ticked up again, off of cyclical lows. Retail sales also came in stronger than expected, as […]
July 6, 2022 Beata Caranci SVP & Chief Economist TD Bank Group The Federal Reserve Chair Powell has repeatedly said that the U.S. economy is strong and can handle more rate hikes. Can it? The American consumer may beg to differ. The third revision of a GDP report is usually a bore, but last week’s […]
Economic Update July 11, 2022 On a holiday-shortened week, economic data included deceleration in some economic indicators, but not to the point of a feared slowdown as of yet. These included weaker, but still-strong showings from ISM services and JOLTs job openings, as well as a decent June employment report. U.S. equity markets gained ground […]
