Market Update: Bank Failures in a Different Environment from 2008
Markets have been incredibly volatile recently with the Federal Reserve stepping in to protect both insured and uninsured depositors of Silicon Valley Bank and Signature Bank last weekend. With a duty to safeguard the stability of the banking system, the Fed took action to ensure depositors are made whole under the Federal Deposit Insurance Corporation […]
Q1 2023 Economic and Market Update
With stocks and bonds sputtering on the heels of a January that saw many financial assets claw back a large chunk of their 2022 losses, investors are starting to wonder about the speed with which inflation will subside and how Fed policy might alter the trajectory of economic growth. In recent weeks, investors have recalibrated […]
Podcast: Market Update: Out of the Woods?
Just over a month into the new year, 2023 has provided investors with some long-sought good news. After a challenging 2022, both equities and bonds are off to a solid start, Europe and China are stimulating the global market, and the Fed may be coming close to the end of its tightening cycle. While this […]
The U.S. Debt Ceiling: What it Could Mean for the Markets
The Debt Ceiling is once again making front-page news, and investors are becoming increasingly anxious over what it means for their personal lives as well as their portfolios. In a nutshell, the JNBA Investment Committee believes the risk of the U.S. government defaulting on its debts is quite low. However, we acknowledge that the consequences of a […]
Investment Committee Video Discussion: What could 2022 mean for 2023 market performance?
If we could summarize 2022’s market performance in one word, it would be “frustrating,” with negative returns across almost all asset classes, from equities to bonds. Inflation, relentless interest-rate hikes by the Fed, and supply chain distortions from the war in Ukraine and the pandemic all led to a perfect storm of uncertainty, volatility, and […]
How Interest Rate Increases in 2022 Could Set the Stage for 2023
In its eighth and final meeting of 2022 this week, the Federal Reserve increased rates by 50 basis points (bps). This deviates from four consecutive hikes of 75 bps thereby showing signs that moderating inflation has boosted confidence that higher interest rates are finally helping to slow global demand. In anticipation of more favorable news, […]
Q4 2022 Economic and Market Update
After investor pessimism reached extreme levels earlier this month and the market fell to a two-year low in intraday trading on October 12, equity sentiment has since reversed and stock markets have rallied rather sharply. At a high level, financial markets discount the future – and a lot of bad news had already been priced […]
Podcast: Could the market make up ground as we head toward year-end?
After an awful start to the year, the market has handled a bevy of bad news over the past few months in a much more encouraging way. Add to that several elements that could be catalysts for further improvement, including the most recent inflation report, and we’re asking ourselves: Could we be seeing the makings […]
What to watch for in November – Will the news calendar set up a possible rally?
Since the market’s recent low on October 12, the S&P 500 has risen more than 8% over the past 13 trading days through yesterday’s close. Even as the Dow Jones Industrial Average secured its best October performance ever (and the best month since 1976) on Monday, the first 10 days of November promise to deliver a […]
Podcast: Rounding the Turn Toward a New Year
As we head into the final quarter of 2022, investors continue to navigate a challenging environment that has seen stocks down 25 percent and bonds dropping 14 percent as the Fed battles inflation and world events remain somber. By any measurement it has been – to paraphrase the title of a popular children’s book – […]