Presented by Matt Glova and the LifeTime Asset Management team:

Weekly Market Update, August 8, 2022

After the Federal Reserve (Fed)’s second consecutive 75 basis point (bp) rate hike on July 27, all eyes now look toward the September Federal Open Market Committee (FOMC) meeting. With
inflation remaining near 40-year highs, the markets and Fed officials are expecting continued rate hikes through year-end. Equity markets were mixed last week as the Nasdaq Composite Index and technology stocks continued their rally from the July FOMC meeting and better-than-feared earnings.

Click here to read the full weekly market report published August 8, 2022.

Weekly Market Update, August 1, 2022

The Federal Reserve (Fed) raised interest rates by another 75 basis points (bps) at last week’s FOMC meeting, bringing its target range to 2.25 percent to 2.50 percent. Equity markets rallied last week, supported by seemingly dovish Fed speak from FOMC Chairman Jerome Powell and better-than-expected second-quarter earnings reports from Apple (AAPL) and Amazon (AMZN).

Click here to read the full weekly market report published August 1, 2022.