Economic Commentary

MARKETS & INVESTING November 02, 2022   Although the economy is showing signs of slowing down, inflation has remained higher than expected. As anticipated, the Federal Reserve (Fed) increased the federal funds rate by 75 basis points (bps). Fed officials reiterated their commitment to bringing inflation down to their 2% target. The Fed indicated that […]

MARKETS & INVESTING October 28, 2022   Review the latest portfolio strategy commentary from Mike Gibbs, managing director of Equity Portfolio and Technical Strategy. Equities have extended their rally over the past week, now up 10% from the recent lows. Less hawkish takeaways on the potential Fed path have been the primary catalyst, i.e. a […]

ECONOMY & POLICY October 28, 2022   Chief Economist Eugenio J. Alemán discusses current economic conditions. The U.S. economy is weak, as GDP numbers in both the second quarter and the third quarter have shown. The fundamental reason why the U.S. economy grew 2.6% during the third quarter of the year was because Net Exports, […]

ECONOMY & POLICY October 21, 2022   Chief Economist Eugenio J. Alemán discusses current economic conditions. With mortgage rates more than doubling from ~3% to over 7% today the difference in cost between buying a home twelve months ago compared to today is very big. Not only are existing home prices up 8.4% year-over-year, but […]