It’s important to remember that recessions are a normal part of the economic cycle. Recessions are not a matter of “if ” but simply a matter of “when” they will occur. The news media often portray them as a catastrophe, but the reality is that every economic cycle ends in a recession, allowing any excesses [...]
In 2021, the economy grew at a robust 5.7% as measured by Gross Domestic Product (GDP). This pace of economic growth is expected to slow considerably in 2022 due to waning fiscal stimulus and heightened inflationary pressures. While we believe that inflation in the U.S. has likely peaked, it appears that it will take much [...]
Markets are facing the most uncertainty since the start of the COVID-19 pandemic, as the implications from the war in Ukraine complicates the course of Fed policy. Until there is more clarity on a resolution between Russia and Ukraine, we expect to see increased levels of volatility across all asset classes. In addition, we would [...]
Volatility has picked up across both stocks and bonds as investors continued to come to grips with the Federal Reserve’s (Fed) hawkish policy shift, still elevated inflation, and Omicron’s dampening impact on economic activity. The S&P 500 fell for the third straight week through January 21st and is now down - 8.3% from its January [...]
Markets have exhibited very impressive resilience since the pandemic began and that remained the case throughout the fourth quarter and all of 2021, as the strength of the U.S. economy and corporate America helped produce another year of substantially positive returns in stocks. That resilient nature is expected to support markets and the economy as [...]
For the better part of the past year and a half, equity markets have been on an upward trajectory despite the impacts of the pandemic. Yet September brought a month of volatility. Even with this news, we believe the outlook for equities continues to be positive. Read the Newsletter
The strong gains of the second quarter and the first half of 2021 reflected continued government support for the economy combined with a material improvement in the domestic pandemic situation. Yet there may be a balancing act with the looming potential for longer-term inflation. Read the Newsletter
In the first quarter of 2021, there has been renewed hope for the post-pandemic world. Investors have been optimistic that financial recovery is on the horizon with robust consumer spending. On the other hand, interest rates are rising, and new plans are being implemented to overhaul infrastructure which may have implications on tax rates. Read [...]
It was as recent as late 2017 when bitcoin last enjoyed a meteoric rise with its price approaching $20,000 per coin in December. Following that peak, bitcoin has endured a series of ebbs and flows, bottoming in January 2019 at $3,450 per coin, but its price is once again rising. Since March 2020, bitcoin is [...]
Describing 2020 in one word would be “tumultuous”. COVID-19 spun life as we know into a tailspin and the financial markets were not immune to that. High debt for the country, inflation concerns, and Bitcoin booms are all on the radar moving into the new year. Read the Newsletter