The DOW ended the 3rd quarter down 5.3%, down 25% YTD. The Nasdaq down 30%. The drop in the market is the result of the Federal Reserve’s decision to bring inflation in the US down from 8.6% to 2%.  The FED has a tough fight on its hands.  Inflation is the result of too much.. read more →

The first 6 months of 2022 was the worst start of the year for the S&P since 1970.  US stocks are in a bear market. Every recession in the US has started with a big jump in oil and food prices.  We are probably in a recession.  The Federal Reserve is acting to curtail inflation.. read more →

The Federal Reserve has announced the expected half percentage point increase in its benchmark lending rate.  The increase was the biggest bump since 2000.  But that only brings the interest rate to .75%.  Compare that to an inflation rate near 10%.  The Federal Reserve is indicating a greater interest in protecting the stock market than.. read more →

Ouch! First quarter 2022 is going to leave a mark.  The 5th worst start to the year since 1929.  So, what caused the pullback across the major market indices? I will say Covid because it was still hanging around. But the real culprits were the worst inflation in 40 years, rising interest rates that reflected.. read more →

This commentary is meant to be a reflection on the past quarter and expectations for the coming quarter and year.  But in thinking back on the past year I am reflecting on the sudden loss of a very good friend and client.   There was also good news just received that a client was winning her.. read more →