Investment Insights

Latest News & Insights

Fed Rate Hike Update May 4, 2022

Weekly Market Commentary

Grin and Bear It
By Pete Biebel, Senior Vice President Many stock market media outlets have recently described how the S&P 500 Index (SPX) narrowly missed entering a bear market at its low last week. Those claims are based on the misguided notion that, until prices decline by more than 20%, there’s no bear market. The 20% number seems to have been conjured up for the convenience of business reporters so they can sound like they know what they’re talking about. The fact is, we’ve been in a bear market pretty much all year. Except for a two-week bounce in March, the broad averages have been in the red and trending lower since the first day of trading in January. Many individual stocks have ...

Three things to know and watch

Three Things to Know & Watch
By Bill Hornbarger, Chief Investment Officer Three Things to Watch Plenty of opportunities this week to hear what the Fed is thinking. There are multiple Fed speakers on the docket highlighted by Fed Chairman Jerome Powell’s appearance on Tuesday (May 17) at a Wall Street Journal conference. The Fed comments come against the backdrop of inflation near a 40-year high and the market anticipating a half-point increase at each of the June and July FOMC meetings. The earnings calendar is heavy with companies from the retail sector. Macy’s, Target, Walmart, Kohl’s, TJX, Home Depot, and Lowe’s are all scheduled to report earnings this week. On Tuesday, retail sales for the ...