Weekly Insight | December 28, 2022

Equities End the Year on a Sour Note 

Equities were down on the week as December will once again disappoint consensus expectations. The narrative was spun that December is historically one of the best months of the year from an equity performance standpoint and therefore we should expect a sharp year-end rally.

Weekly Insight | December 21, 2022

As traders turn off their screens and head for the doors for a long weekend, market data was full of mixed signals. Mister Market was more Krampus than Santa Claus this week sending both bonds and stocks lower -1.2% and -2.9% respectively.

2023 Economic Themes

As we approach 2023, please find the following articles from the BTC Capital Investment Team, discussing top economic themes and their potential impact in the New Year.

Walking a Fine Line

The two dominant themes running through the U.S.

2023 Economic Themes | Say Goodbye, 2022

We presume all cannot wait for 2022 to say goodbye. U.S. equities, as measured by the Russell 3000 Index, are currently down 19.8% year-to-date (YTD), which may be its worst calendar-year drawdown since 2008 ( 37.3%).

2023 Economic Themes | Walking a Fine Line

The two dominant themes running through the U.S. economy in 2022 have been sluggish GDP growth and elevated inflation. From the growth perspective, this year has been the tale of two halves with the first two quarters seeing negative results for GDP followed by a positive third quarter and what is anticipated to be a continuation of upside growth in the fourth quarter.

Weekly Insight | December 14, 2022

Inflation Drops – And Sets a Trap for the Bulls

Equities rallied on the week in anticipation of a better-than-expected Consumer Price Index (CPI) report and a dovish pivot from the Federal Reserve.

Five in Five | December 2022

Welcome to Five in Five, a monthly publication from the Investment Team at BTC Capital Management. Each month we share graphs around five topics that illustrate the current state of the markets, with brief commentary that can be absorbed in five minutes or less.

Weekly Insight | December 7, 2022


Employment data was at the forefront of this week’s economic calendar. Despite concerns regarding an impending recession the employment picture continues to be resilient as the unemployment rate remained unchanged at 3.7%.

Weekly Insight | November 30, 2022

Stocks Rally as Powell Guides to 50 in December

Fed Chair Jerome Powell signaled the pace of rate hikes would slow and could come as soon as the next meeting in December.