A Weekly Market Impact call, Phil Blancato provides insights and perspective on recent developments, as well as guidance going forward.
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Weekly Market Impact: August 8
Weekly Market Impact: August 1
Weekly Market Impact: July 25
On this week's podcast, Phil talks about the potential federal reserve interest rate hike and the impact it could have on inflation. He also comments on earning season strength and the potential for a technical recession after second-quarter GDP is released this week.
Weekly Market Impact: July 18
Phil discussed the implication of the highest inflation since 1981, the strength of the US consumer to survive based on recent retail sales data and the potential for June to be the peak in inflation driving the stock market higher and allowing the Fed to pause after the expected July interest rate hike.
Weekly Market Impact: July 11
Recessionary talks have ramped up in the last week, Phil begins by challenging recessionary headlines by diving into the economic data. There is no doubt that we are in the midst of a slower growth regime, however important data, like the manufacturing and services sectors numbers show that both areas of the economy remain in expansionary territory. Similarly, while markets have moved downwards, earnings estimates have moved higher. Another sign that the pillars of the economy and stock market are still holding up. Phil then dives into the possibility of having a bear market (which we are currently in) without a recession and how history has showed us that the year following a bear market typically rewards investors who continued to hold with strong equity gains. At times economic growth diverges from stock market growth and that is, to an extent, what we are seeing now.
Weekly Market Impact: July 5
This week, Phil discusses how the first half of 2022 was a historically bad start for markets. There was simply no place to hide as both stocks and bonds ended the first half in negative territory. While the moves by the federal reserve have not yet slowed down consumer demand the good news is that households still have $18.5 trillion dollars in cash on hand. This means the economy can survive this bout of inflation. The other bright spot is that the job market remains on solid footing. Therefore, any recession, if it is to come should not be prolonged as the underlying fundamentals remain strong.