Tough Quarter Ends on a Positive Tone Equities staged a strong rally off their monthly lows as quarter-end rebalancing forces drove the action. As target date fund assets under management have grown, this has created a mean reverting force at quarter end. In recent years, equity indices have staged large rallies just prior to quarter...
Oil prices dipped over the week We saw a little bit of a reprieve in gas prices this week. The 8% dip in the price of a barrel of WTI Crude Oil from $106.04 a week ago to $98.15 has not been fully reflected in the prices we pay at the pump. The average price...
Inflation Changes Everything A week ago, the anticipation of a lower-than-expected Consumer Price Index (CPI) print was the foundation of optimism. The S&P 500 was three weeks removed from its lows and about 6% higher. The chatter of the Fed pausing rate hikes in September was a key contributor to this optimism. The consensus was...
