Market Perspectives

Central banks are playing a high-stakes game with the economy. Thus far, the Fed’s efforts to fight inflation by raising interest rates have not had their full intended effect. Meanwhile, the leading problems of war, inflation, and the pandemic seem little closer to resolution today than last quarter.  With more aggressive rate hikes on the horizon as well as little indication ...

Markets are pricing in a potential recession as central banks slow economies to fight inflation. While it is rare to have a recession without investors experiencing some pain, this self-imposed economic slow-down is highly anticipated and may be briefer than most; despite the bear market indicating a potential recession, current employment remains high and supply chains are imp ...

An unusually strong tug of war between economic forces is playing out in global markets, with a booming economy and low unemployment offset by the effects of the Russian invasion of Ukraine and expanded inflation. Expectations over the timing and magnitude of Fed interest rate increases rapidly evolved as clarity began to emerge around central bank responses to inflation. Marke ...

The year ended on a highly upbeat tone for investors as equities rose to new heights against a backdrop of inflation and a prolonged pandemic. This marked the acceleration of many market and economic trends for the year including the dominance of U.S. large-cap stocks, the rebound in sectors such as real estate inflationary pressures, a return to full employment, and a broad mo ...