Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, May 31, 2022
The Federal Open Market Committee (FOMC)’s most recent meeting minutes were released last Wednesday and provided further support for the market’s expectation of back-to-back 50 basis point (bp) rate hikes at the June and July meetings. Global equities posted sharp gains last week. Investors focused on inflation, which showed hints of easing as the Fed’s favorite inflation
gauge, the Core Personal Consumption Expenditure Price Index, fell from a 0.9 percent increase in March to a 0.2 percent increase in April.
Weekly Market Update, May 23, 2022
As the U.S. continues to battle inflation near 40-year highs and equity investors become increasingly spooked, the Federal Reserve (Fed) reminds us that corralling inflation is its primary goal. The S&P 500 fell 3 percent last week, marking the 7th straight week of declines and the longest streak of weekly declines since 2001.
Weekly Market Update, May 9, 2022
Following the much-anticipated May Federal Open Market Committee (FOMC) meeting on May 3 and 4, we saw a moderate steepening on the back end of the curve. The Federal Reserve (Fed)
hiked 50 basis points (bps) as widely expected. Global markets sold off last week, due to both global growth and inflation concerns. The Fed voted to hike rates 50 bps higher in May and to begin tapering their balance sheet in June. The continued Ukraine/Russia conflict and lockdowns in China have led to concerns over expected inflation and food security.
Weekly Market Update, May 2, 2022
As we approach the Federal Reserve (Fed)’s May 3-4 meeting, last week’s GDP report for the first quarter of 2022 is a poignant reminder of the fine line the Fed must walk to appropriately balance the risks of continued inflation and the potential for a rate-induced recession. Global markets sold off last week as concerns over global growth, geopolitical tensions, and supply chain issues continued to ramp up.