by Experiential Wealth | Mar 31, 2024 | Individuals, Institutions, Plan Sponsors, Quarterly Commentary
What’s Morphed in 2024Q1? It’s all about inflation and the Fed’s interest rate reaction function. From the absence of forward guidance to the incessant data dependency – understandably in a time of uncertainty – the Fed is feeling its way to a landing. In the...
by Experiential Wealth | Dec 29, 2023 | Individuals, Institutions, Plan Sponsors, Quarterly Commentary
2023 reminds me of the “Everything Everywhere All at Once” movie. The most anticipated hard landing or recession did not happen even after a rapid 525bp increase in interest rates since 2022. Chair Powell said that the FOMC is “navigating by the stars under cloudy...
by Experiential Wealth | Dec 1, 2023 | Central Bank, FOMC, Individuals, Institutions
Highlights of Jerome Powell’s Fireside Chat at Spelman College JOBS: Although the pace of new job creation remains strong, it has been slowing toward a more sustainable level and unemployment rate has edged up. WAGES: Wage growth remains high but has been gradually...
by Experiential Wealth | Oct 17, 2023 | Individuals, Institutions, Plan Sponsors, Quarterly Commentary
Executive Summary The first half of the year was full of hope that inflation will continue to decelerate and thus the Fed will take its foot off the rate hiking gas. The scenario of a soft landing fast became the (desired) base case. This is the immaculate...
by Experiential Wealth | Jul 12, 2023 | Individuals, Institutions, Plan Sponsors, Quarterly Commentary
2023 Q2 Commentary: Clear as Mud The second quarter data continue to support every market narrative – more noise and few clear signals. The stock market extended its first quarter advance, and the S&P 500 Index in June entered a new bull market (20% above the 2022...