Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, September 26, 2022
On Wednesday, the Federal Open Market Committee (FOMC) interest rate decision from the September 21–22 meeting was announced. The committee hiked the policy rate by 75 basis points (bps), bringing the upper limit of the target federal funds rate to 3.25 percent, which hasn’t been breached since early 2008. The equity market continued to feel pain as the Fed remains steadfast in its efforts to fight inflation. Equity investors flocked to save haven areas in consumer staples, utilities, and health care as cyclical growth stories in energy, consumer discretionary, and REITs came under heavy selling.
Click here to read the full weekly market report published September 26, 2022.
Weekly Market Update, September 19, 2022
Last week came with the release of hotter-than-expected August inflation data. The Consumer Price Index (CPI) saw an increase of 0.1 percent against expectations for a decrease of that amount. The market sold off heavily again last week as short-term borrowing rates increased when the August CPI came in higher than expected.
Click here to read the full weekly market report published September 19, 2022.
Weekly Market Update, September 12, 2022
As the Federal Open Market Committee (FOMC) enters its quiet period leading up to the September 20–21 meeting, market participants are under the impression that the most likely outcome will be a 75 basis point (bp) hike in the Federal Reserve (Fed)’s policy rate. The market rallied last week after falling in each of the previous three weeks. Economic news remains robust, leading investors to believe a 75 bps increase to the federal funds rate is increasingly likely at this month’s meeting.
Click here to read the full weekly market report published September 12, 2022.
Weekly Market Update, September 6, 2022
Following hawkish messaging from the Federal Reserve (Fed)’s economic symposium at the end of August, market participants look toward the next rate decision set to take place on September
21. The markets sold off again last week as they continue to give up post-June rally gains following a reiteration of tighter policy from the Fed.
Click here to read the full weekly market report published September 6, 2022.