Quarterly Market Commentary
3rd Quarter 2024 - Key Takeaways, Markets continued their journey onward and upward in the third quarter of 2024, with broadly distributed gains throughout numerous segments of the market.
Read More3rd Quarter 2024 - Key Takeaways, Markets continued their journey onward and upward in the third quarter of 2024, with broadly distributed gains throughout numerous segments of the market.
Read MoreJosh Barro notes that while Donald Trump has argued for greater presidential influence on monetary policy,
Read MoreThe East and Gulf Coast ports strike that led to panic buying of toilet paper has been called off until January 15th
Read MoreWe’re about a month away from the Presidential election, and current expectations are for a very close race.
Read MoreHere are some of the writings that caught our attention this month.
Read MoreBoth the Trump and Biden administrations have pursued a decoupling policy with respect to China.
Read MoreFelix Salmon at Axios laid out details of the fiscal impacts of proposals by the Trump and Harris campaigns.
Read MoreFed Chair Jerome Powell announced during his annual speech at Jackson Hole that “the time has come for policy to adjust.
Read MoreHere are some of the writings that caught our attention this month: Brian Potter details the history of AT&T.
Read MoreElection news has been coming in fast and furious this summer, but Ben Carlson issued a timely reminder that politics shouldn’t be driving your portfolio.
Read More2nd Quarter 2024 - Key Takeaways The remarkable ascent of US large cap tech stocks continued in the second quarter of 2024, as this segment of the market powered the ...
Read MoreHere are some of the writings that caught our attention this month: China’s economic rise over the past decades has been truly impressive...
Read MoreWhile we celebrated the 248th anniversary of the Declaration of Independence last week, Noah Smith looks back at a much more lengthy history.
Read MoreNelson Yu at AllianceBerstein looks back at equity performance for the first half of 2024 and gives his outlook going forward.
Read MoreThe fight against inflation has been mired in a stalemate for the past few months, but May’s inflation report finally brought some good news.
Read MoreWhen it comes to electric vehicles, the future may be getting closer.
Read MoreBen Carlson reviews the history of inflation and wages.
Read MoreHere are some of the writings that caught our attention this month
Read MoreAnnual federal budget deficits have increased sharply in recent years.
Read MoreWhether you witnessed this week’s eclipse or not, the New York Times offered an indirect way of viewing it: Super 8 hotels along the path of ...
Read MoreEarlier this year, markets were optimistic that falling inflation would enable the Fed to cut rates more aggressively than the Fed was projecting. Unfortunately, as noted by Liz ...
Read MoreSpringtime brings with it the start of nature’s growing season, Easter and Passover celebrations, and excessive sugar consumption by millions of children.
Read MoreValuations for developed international stocks have been attractive for several years, and we consider them to be an important component of diversified portfolios
Read MoreVinay Thapar and Edward Bryan at AllianceBernstein address the stereotype that healthcare stocks are risky during election years.
Read MoreHere are a few stories that caught our attention over the past week
Read MoreDespite the inflation headaches of the past three years, the US economy has proven quite resilient to this point, and we’re currently nowhere near the economic crisis ...
Read MoreNoah Smith has an expansive summary of climate and energy developments, illustrated by a number of useful charts.
Read MoreThe leading economic index (LEI) has been suggesting an imminent recession for quite some time, as has the yield curve inversion. However, labor market and gdp data are ...
Read MoreHopefully 2024 marks the end of the inflationary surge begun 3 years ago; the good news is that much disinflation has already occurred
Read MoreJoseph Politano reviewed outlooks for 2024, and found that not only have economic expectations improved over the past year (which is not surprising, given how well the US economy ...
Read MoreToday’s modern world largely runs on about 500 undersea cables, each typically about the width of a thick garden hose, that span 900,000 miles across the seas.
Read MoreWe don’t have ironclad expectations on market performance for the upcoming year.
Read MoreSmall changes can have major repercussions. Chaos theory describes the metaphor of a butterfly flapping its wings, resulting in a cascade of events that ultimately leads to a ...
Read MoreThe last two years have brought the challenge of rapidly rising interest rates. Mortgage rates have skyrocketed, and the bond market, which cratered in 2022, remains a long way ...
Read MoreThe holiday season has brought good news for the economy. Inflation, while still above target, continues to cool.
Read MoreNoah Smith reviews research suggesting that the US has begun a long-term process of decoupling from China. Import patterns have shifted significantly in recent years
Read MoreThe S&P 500 is up about 20% this year. Most of the gains have come from a handful of stocks that have been dubbed the “Magnificent Seven,&...
Read MoreThe rise in yields has made fixed income a more attractive investment opportunity. But to what extent does the increased appeal of bonds mean that stocks are less ...
Read MoreLast week’s inflation report brought welcome news, as headline inflation in October was flat over the past month and up 3.2% from a year ago...
Read MoreBen Carlson reviews the history of the 60/40 portfolio of US stocks and bonds. Not surprisingly, given the downturn in equities last year and the historically bad year for ...
Read MoreToday we have easy access to massive amounts of financial data. Given that human beings are adept at seeing patterns, and have designed algorithms to harvest more patterns...
Read MoreWhile mid cap stocks, small cap stocks, developed international, and emerging markets all ended the third quarter of 2023 with positive single digit returns..
Read MoreSandra Testani at American Century has a useful summary of ways for people to reduce their tax burdens of their investments.
Read MoreWhile the rising rate environment over the past 2 years has not come as a surprise, given that the Fed telegraphed rate hikes to fight inflation..
Read MoreBarry Ritholtz reminisces about lessons he learned about short selling back before the financial crisis of 2008.
Read MoreThe United States managed to avoid an October 1st government shutdown, as the House of Representatives passed a bipartisan bill that funds the government through November 17th
Read MoreWhile the Fed, as expected, chose to leave the federal funds rate unchanged at its meeting last week..
Read MoreWe have seen a remarkable rise in Treasury yields over the past 2 years.
Read MoreSolar energy continues to grow with astonishing speed. Noah Smith argues that renewable energy has become so competitive that there is no longer a tradeoff between economic growth ...
Read MoreWhile recent trends in inflation are promising, inflation remains well above the Fed’s 2% target
Read MoreWe advocate for diversified portfolios, in large part because participation in many areas of the market can give many opportunities for financial gains.
Read MoreThe Biden Administration announced its intention to restrict Chinese access to certain technologies with military applications. Now the Treasury Department has proposed rules to implement this policy.
Read MoreChina’s termination of its zero-COVID policy has not been sufficient to revive its flagging economy. In particular, its massive real estate sector has struggled...
Read MoreA year ago it appeared likely that the cost of lowering inflation via tighter monetary policy would be a recession, and the reasonable hope was that such a ...
Read MoreWhile the US has sought to restrict semiconductor sales to China and expand domestic manufacturing, it is more likely that such actions will reduce interdependence with China rather ...
Read MoreWhile the US has sought to restrict semiconductor sales to China and expand domestic manufacturing, it is more likely that such actions will reduce interdependence with China...
Read MoreVisual Capitalist has a lovely graphic illustrating the change in housing prices over time:
Read MoreOPEC has functioned as a frequently successful oil cartel over the past 50 years, but as Noah Smith argues, it is facing increasing pressure from two fronts.
Read MoreHeadline inflation continues to fall, in large part due to plummeting energy prices.
Read MorePart of the intent behind the Chips and Science Act and the Inflation Reduction Act, each passed by Congress last summer...
Read MoreAllianceBernstein’s Tiffanie Wong and Timothy Kurpis make the case for investment-grade corporate bonds.
Read MoreNoah Smith documents the massive increase in electric vehicle (EV) sales and compellingly argues that the potential hurdles to a continued surge are likely to be cleared.
Read MoreThe Fed meets again this week, and is expected to issue another 25bp hike to the federal funds rate.
Read MoreThere’s been an ongoing stereotype that Millennials (Americans born in the 80s and 90s) are in trouble, highly educated but underpaid, beset by student debt, and having ...
Read MoreFourth Quarter 2022 Key Takeaways, 2022 was an ugly year for markets, but the 4th quarter at least provided a measure of relief that recovered losses to an extent.
Read MorePredictions can make fools of us all, and while it’s way too early to argue that Blackrock’s declaration of an inevitable recession is wrong..
Read MorePredictions are interesting to look at, and with the onset of 2023 comes analysts’ best guesses as to how the upcoming year will unfold.
Read MoreTesla is not having a good year…though if we zoom out a bit, the Tesla picture looks much better.
Read MoreCore inflation, at over 6%, is still too high, and there’s general agreement among economists that the Fed is correct in raising interest rates as it seeks to ...
Read MoreThe S&P 500 jumped about 3% last Wednesday after Fed Chair Jerome Powell delivered remarks at the Brookings Institution.
Read MoreGoldman Sachs has issued a relatively upbeat view of the US economy in 2023, arguing that we are more likely than not to avoid a recession in 2023.
Read More2022 has been a terrible year for investors, as equities have undergone a bear market and bonds have had their worst year in decades.
Read MoreThursday’s inflation report contained the good news that markets and the Fed were hoping for.
Read MoreOctober 30, 2024
October 14, 2024
October 7, 2024
September 30, 2024
September 23, 2024
Advisory services offered through JMS Capital Group Wealth Services, LLC, a Registered Investment Advisor.
Business Continuity Plan • Privacy Policy • JMS Capital Group Wealth Services, LLC ADV Brochure • CRS Form
417 Thorn Street #300
Sewickley, PA 15143