George Hosfield, CFA, discusses Ferguson Wellman's quarterly strategy titled, "Inflation's Flame Flickers," which addresses the narrow market leadership, the impact of higher interest rates on inflation and how assets are priced at this stage of the economic cycle.
George Hosfield, CFA, discusses the firm's quarterly strategy titled "Stalemate," which highlights the Fed's ongoing battle to tame inflation along with our views on the health of the banking industry and capital market expectations for the balance of the year.
Director and Chief Investment Officer George Hosfield, CFA, discusses the Fed raising interest rates, peaking inflation and our view on equities and volatility across all asset classes in our Investment Strategy titled, “Balancing Act.”
The Santa Claus Rally arrived early this year as investors’ wish for a pivot in Federal Reserve policy appears to be all but granted. After peaking at 9.1% in June of 2022, inflation, as measured by the Consumer Price Index (CPI), now stands at 3.1% with increases in the price of gasoline, apparel and food materially lower.
Santa Claus came in the waning days of December and brought his namesake rally. But as the calendar turned, Santa left, and the markets started the year with a stumble.
The holidays are upon us, and at Ferguson Wellman, that means giving thanks, being grateful, staying humble and wishing for the best . And while we take the time to enjoy the festivities, we also keep one eye on the markets to see what lies ahead as the year closes. From now to the end of the year, market participants wait to see what rewards the “Santa Claus Rally” brings.
