Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, March 28, 2022
The S&P 500 gained 1.81 percent as investors moved out of bonds and into equities. The major driver seemed to be a more aggressive Fed, which plans to combat inflation with a pair of rate hikes at its May and June meetings. Although a rate hike of 50 basis points (bps) at the Federal Reserve’s (Fed’s) May meeting seems increasingly likely, it is anything but certain.
Weekly Market Update, March 21, 2022
The S&P 500 posted its largest gain since November 2020 last week as investors seemed to take the Fed’s rate hike as a nod of confidence for the economy. The Federal Reserve (Fed) announced a 25 basis point (bps) increase in their target rate after last week’s FOMC meeting.
Weekly Market Update, March 14, 2022
February inflation numbers show a 7.9 percent increase in prices over the past 12 months, marking the fastest Consumer Price Index (CPI) acceleration since 1982 with oil prices adding to the pressure. U.S. equities fell for a second consecutive week as geopolitical tensions continued to weigh on both stocks and investors’ minds.