Weekly Recap for the Week Ending March 24, 2023 – Fed Hikes Again But Dovish Forward Guidance Provides a Boost

Despite the renewed concerns that the regional banking crisis is expanding, which is now impacting Deutsche Bank, the S&P 500 index finished the week up +1.41%. In addition to concerns over the health of the banking system, the Federal Reserve (Fed) hiked rates by a quarter percentage point during its March FOMC meeting. However, dovish … More Weekly Recap for the Week Ending March 24, 2023 – Fed Hikes Again But Dovish Forward Guidance Provides a Boost

Weekly Recap for the Week Ending March 10, 2023 – Equities Experience Worst Week of the Year

U.S. equities sold-off sharply (S&P 500 index -4.51%) during the week as Federal Reserve Chairman Jerome Powell rekindled his hawkish tone during his Congressional testimony. Adding to the selling pressure was growing concerns over the health of the banking sector particularly regional banks. During his testimony before Congress Fed Chairman Powell stated that Fed officials … More Weekly Recap for the Week Ending March 10, 2023 – Equities Experience Worst Week of the Year

PSN Top Guns of the Decade 2022 – A Decade Driven by Political Events, a Pandemic and Historical Monetary Policies

The past decade will be remembered for its overall strong U.S. equity returns (Russell 3000 index +12.13%) as markets distanced themselves from the Great Financial Crisis (GFC). Historically accommodative monetary policies throughout the decade supported record high equity levels. The recovery from the GFC remained strong during the early stages of the decade. Meanwhile, the … More PSN Top Guns of the Decade 2022 – A Decade Driven by Political Events, a Pandemic and Historical Monetary Policies

Weekly Recap for the Week Ending March 3, 2023 – Losing Streak Ends For Equities

The S&P 500 index snapped a three week losing streak after posting a +1.96% return during the week as speculation regarding Federal Reserve (Fed) actions and comments from Fed officials continue to drive markets. The rally was driven by hopes that the Federal Reserve may not raise its key short-term interest rate higher than what … More Weekly Recap for the Week Ending March 3, 2023 – Losing Streak Ends For Equities

Q4 2022 PSN Top Guns – Markets Rally While the Fed Sees Things Differently

Stock markets around the world finished a tumultuous 2022 on a strong note as the MSCI World index posted a +9.89% return during the fourth quarter. Despite the Federal Reserve (Fed) indicating that it will keep interest rates higher-for-longer, investors focused on the prospect that inflation may have peaked, and the Fed will slow the … More Q4 2022 PSN Top Guns – Markets Rally While the Fed Sees Things Differently

Weekly Recap for the Week Ending February 10, 2023 – Equity Rally Slows

The solid equity rally that took place in January has slowed as hopes for a Federal Reserve hawkish-to-dovish pivot has been dashed in the near term. The S&P 500 index fell a -1.07% during the week as investors continue to digest recent remarks from Fed officials that signal the Fed is content on being hawkish … More Weekly Recap for the Week Ending February 10, 2023 – Equity Rally Slows

The End is Not Imminent for This Rate Hiking Cycle

As expected the Federal Reserve (Fed) increased its key interest rate by 25 bps to a target range of 4.5 – 4.75%. The 25 bps increase is a pullback after the central bank increased rates by 50 bps during its previous FOMC meeting and 75 bps during the four meetings previous to that. While year-over-year … More The End is Not Imminent for This Rate Hiking Cycle

Episode 31 Adjusted For Risk Podcast Show Notes: Zephyr StatFacts – Tracking Error

During my recent “Zephyr StatFacts” version of the “Adjusted for Risk” podcast I focused on tracking error. Below are the show notes and additional supporting information on why I believe tracking error should be one of the risk metrics you should leverage when conducting a manager search or due diligence. Tracking Error There are a … More Episode 31 Adjusted For Risk Podcast Show Notes: Zephyr StatFacts – Tracking Error

Weekly Recap for the Week Ending January 27, 2023 – Hope For a Soft Landing and Slowing Rate Hikes Boosts Stocks

The S&P 500 index continued its hot streak as investors continued to be hopeful that the economy may be able to execute a soft landing and elude a recession despite disappointing earnings. All eyes will be on the Federal Reserves’ (Fed) FOMC meeting concluding on February 1. Traders are forecasting the Fed will continue to … More Weekly Recap for the Week Ending January 27, 2023 – Hope For a Soft Landing and Slowing Rate Hikes Boosts Stocks