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Page 217 of 226
Banks Passed the (Stress) Test with Flying Colors
Posted by Lawrence Gillum, CFA, Chief Fixed Income Strategist Wednesday, July 19, 2023 Preferred securities have had a Jekyll and Hyde year so far in 2023. After starting off the year as one of the best performing asset classes, returns for the ICE BofA U.S. All Capital Securities Index since March, have lagged other plus sectors. […]
July 19, 2023
The Taylor Swift Era, Consumer Spending & Inflation Clarity
Posted by John Lohse, CFA Thursday, July 20, 2023 As the dog days of summer roll on, and many of us are taking advantage of warm weather and time off to enjoy experiences, American consumer spending patterns are coming into focus. One experience in particular has captured the most attention and has managed to exemplify today’s […]
July 20, 2023
Dow Theory Update
Posted by Adam Turnquist, CMT, VP Chief Technical Strategist Friday, July 21, 2023 Key Takeaways: Win Streaks & Confirmation After spending most of the year in a consolidation range, the INDU has finally started to play catch up to the broader market. The recent expansion of this year’s rally beyond the mega-cap space has lifted the […]
July 21, 2023
The Younger Crowd is High on Confidence
Posted by Kent Cullinane, Research Analyst Tuesday, July 25, 2023 Highlights: Bottom Line: While consumer confidence is at the highest level this year, we recommend investors take a cautious approach when considering adding risk to diversified portfolios. The CCI increased to 117.0 in July, up from 109.7 in June and reaching levels not seen since July […]
July 25, 2023
Fed Raises Rates, Shares Uncertain Policy Future
Posted by Colby Hesson Thursday, July 27, 2023 Highlights: Bottom Line: Powell and the Federal Open Market Committee (FOMC) are cautiously data-driven, seeking to strike a balance between combating inflation and supporting economic growth. Staying informed about economic conditions and watching out for two more inflation reports and two more labor market reports by the next […]
July 27, 2023
Four Charts Showing Why It’s No Longer Just a Mega-Cap Story
Posted by Adam Turnquist, CMT, VP Chief Technical Strategist Friday, July 28, 2023 Key Takeaways: A New Chapter The narrative of this year’s rally has changed as this bull market is no longer just a mega-cap story. A new chapter of broadening participation has developed. Relatively resilient economic data in the U.S., receding inflation pressures, and […]
July 28, 2023
Credit Card Balances Foreshadow Weakening Consumer
Posted by Jeffrey J. Roach, PhD, Chief Economist Tuesday, August 1, 2023 Key Takeaways: What’s the Latest Trend with Credit Card Usage? Total credit card balances are getting close to a trillion dollars. As of Q1 of this year, the Federal Reserve (Fed) reported card balances were $986 billion, roughly $60 billion higher than the previous […]
August 1, 2023
U.S. Government Debt Was Downgraded. Will it Matter?
Posted by Lawrence Gillum, CFA, Chief Fixed Income Strategist Wednesday, August 2, 2023 Yesterday, one of the three main rating agencies (Fitch) downgraded U.S. government debt to its second highest rating, AA+. The agency cited “the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of […]
August 2, 2023
The Energy Sector is Getting Interesting Again
Posted by Jeffrey Buchbinder, CFA, Chief Equity Strategist Thursday, August 3, 2023 Additional content provided by John Lohse, CFA. Company Profits and Fundamentals Major oil companies have recently reported plunging second quarter profits. Weaker fossil fuel prices compared to a year ago have significantly eaten into bottom lines. Despite these second quarter results, stock prices have […]
August 3, 2023
Have Treasury Curve Spreads Bottomed?
Posted by Adam Turnquist, CMT, VP Chief Technical Strategist Friday, August 4, 2023 Key Takeaways: Treasuries Steal the Show While it has been a busy week of S&P 500 earnings, the fixed income market stole the show. Fitch’s downgrade of the U.S. credit rating from AAA to AA+ put Treasuries in the spotlight and exacerbated upward […]
August 4, 2023