Green shoots in the economic data and the associated change in market narrative from hard landing six months ago to no landing currently have bolstered the performance of equities and pushed bond yields to near previous highs. January’s retail sales number shows consumers in the U.S. spent 3% more relative to in December, outpacing analysts’Continue reading “Gradually, Then Suddenly: Beware of the Lag Impact of Policy Tightening”
Tag Archives: business cycle
End of Year Recap: 2022 in a Rearview Mirror
December has always been a good month to reflect on what happened over the past year and set goals for the next. Although this year has been painful for most investors, in hindsight it was only logical that the above-potential growth seen following the pandemic could not last forever and the frothy valuations of bothContinue reading “End of Year Recap: 2022 in a Rearview Mirror”
Can the Stock Market Handle Fed Tightening and Slowing Growth?
Download PDF: Three fundamental events have shaped the first quarter of 2022: Russian invasion of Ukraine, Federal Reserve’s hawkish monetary policy guidance and delivery of its first policy rate hike since the pandemic began, and greater reflationary efforts by Chinese authorities to stimulate growth. All these happened on the backdrop of a strong U.S. economy,Continue reading “Can the Stock Market Handle Fed Tightening and Slowing Growth?”