The Ironwood Recap – Market Update – October 10, 2022
September was a tough month for the markets as inflation stayed persistently high. The Fed increased their forecast for interest rates beyond what was previously expected. This upset both the bond and stock markets. The good news is that the job opening data that came out early in October showed a decrease in the number […]
The Ironwood Recap – Market Update – September 22, 2022
Yesterday, as expected, the Fed raised their benchmark rate by 0.75%. This move takes the rate to around 3%. None of this was a surprise. However the market reacted poorly because the Fed raised their guidance for the rate at year-end to be around 4.4% from a current 3-3.25%. This implies two more large rate […]
The Ironwood Recap – Market Update – September 13, 2022
The Ironwood Recap – Market Update – August 26, 2022
The Fed just concluded their annual Jackson Hole meeting and reiterated their commitment to bringing down inflation. This has been a consistent message for the last several meetings as they must project confidence that they can accomplish it. If the global markets lost faith in their ability to control inflation the consequences would be dire. […]
The Ironwood Recap – Market Update – August 2, 2022
The Ironwood Recap – Market Update – July 1, 2022
The markets had their worst first half of the year since 1970, with the S+P dropping more than 20% and the Nasdaq falling by about 30%. This is against a backdrop of tightening monetary policy and higher than expected inflation. The good news is that typically after downturns such as this, the market rebounds nicely […]
The Ironwood Recap – Market Update – June14, 2022
The markets have been pretty unhappy the last three days, giving up all of our runup over the last few weeks. Remember this sort of downturn has happened around the Fed meetings every time this year. The big surprise this time was last Friday’s May inflation numbers, with headline inflation coming in at 1% for […]
The Ironwood Recap – Market Update – May 11, 2022
