Market Commentary

Daily reports from our Chief Economic Strategist.

AN EQUITY ADVANCE LED BY ENERGY AND FINANCIALS
Shortly the Federal Reserve will commence Quantitative Tightening (QT). Monday JP Morgan’s Jamie Dimon stated, “there will be
SOME SOBERING STATISTICS
The S & P 500 is almost officially in a bear market defined as a drop of 20% or more. Friday’s decline is part of a seven-week slide which is
INFLATION AND MULTIPOLARITY
I do not think it is a stretch to write the ties that bind the global economy together and delivered goods in abundance across the
WAS “QT” A REASON FOR YESTERDAY’S SELLOFF?
Quantitative tightening (QT) is about to commence. The Central Bank has solidified plans for trimming its $9 trillion balance sheet starting
YET ANOTHER UGLY DAY
It is getting really ugly. Bloomberg writes technology and mega capitalized issues are falling at the fastest pace since the
PPI AT 8:30
Consumer prices rose more than forecast in April. The core CPI which excludes food and energy increased 0.6% from a month earlier and
CPI AT 8:30
Markets were bifurcated in very volatile trading. The tech heavy NASDAQ 100 outperformed yesterday. Bloomberg writes over 50% of the
A REALLY UGLY DAY
Did yesterday kill the buy on dip mentality? Wednesday markets soared by the greatest amount since May 2020. Yesterday equities plunged by
THE OUTCOME OF THE FED MEETING IS LARGELY AS EXPECTED
As widely expected, the Federal Reserve raised interest rates by the steepest increment since 2000 and decided to start
FIRST QUARTER GDP AT 8:30
Initial estimates of first quarter GDP is released at 8:30. Consensus is expecting a 1.0% annual growth rate, personal consumption to

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