The normally reliable US bond market is sending conflicting signals at the moment, adding to the confusion about whether the economy is currently in a recession, heading into a recession,... read more →
Number #1 question being asked now sounds like this: “Why should I invest now?” The Fed is raising rates, recession risks have surged, economic demand is being destroyed, and volatility... read more →
Energy outperformance has cooled recently, which was to be expected after an historic run of outperformance from January to June. But this recent pullback was certainly not due to company... read more →
Tougher/tighter financial conditions and an aggressive Fed still playing from behind with regards to rates and inflation are purposefully destroying economic demand. Last week US housing data looked softer. This... read more →
The S&P 500 index is roughly halfway through reporting season for 2Q results, with 282 companies out of 500 having reported results so far. Last week was the busiest week... read more →
We have been talking about tighter financials conditions (higher rates, higher yields, tougher lending, etc.) and the theme of demand destruction (how the Fed is attacking inflation) for the past... read more →
This morning’s GDP report noted contraction for the second quarter in a row. We can debate inventory builds and trade imbalances and the math underlying the calculation of real GDP,... read more →
The bond market already has hiked rates to 3%. The Fed is playing catch up but will get there in the coming 3 months. What they do from there will... read more →
It is hard to believe it has already been more than a year since Congress Wealth Management (“Congress”) acquired Pinnacle Advisor Solutions. We have been working diligently over the past... read more →
Volatility fatigue led to extreme weak investor sentiment which has now finally translated in defensive portfolio positioning. Actions speak louder than words. Fund managers surveyed have now taken up their... read more →
