Weekly Market Recap | October 17, 2022

Week in Review Equity Markets: The S&P finished the week -1.6%, despite the 4%+ intraday swing in the S&P on Thursday. Following the higher-than-expected CPI report, the futures market took a significant swing downward, only to end the day significantly in the green. Inflation has remained higher than expected all year and the market’s initial reaction was a sell-off. Earnings…

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Weekly Market Recap | October 10, 2022

Week in Review Equity Markets: The S&P saw high volatility throughout the week. Between Monday and Tuesday, the S&P gained 5.7% in that span. This two-day surge was the largest since 2020. The majority of the gain was then given back as the S&P finished up 1.5%. Currently only 4% of S&P 500 companies have reported earnings. Thus far, 50%…

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Quarterly Insights | October 2022

A Still-Hawkish Fed and Growing Geopolitical Risks Offset a Likely Peak in Inflation to Pressure Stocks in the Third Quarter Global markets declined again in the third quarter as inflation remained near multi-decade highs, geopolitical tensions escalated further, and the Federal Reserve continued to aggressively hike interest rates signaling future rate increases may be larger than previously expected. The third…

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Weekly Market Recap | October 3, 2022

Week in Review Equity Markets: The S&P finished the quarter down ~9%. 2022 has been a tale of what seems to be a slow bleed followed by a run-up, but the rally never takes hold. The emotional roller coaster this year for investors is historically unprecedented. Year-to-date, the S&P is down nearly 25%. But the Bloomberg Barclays Aggregate Bond Index…

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Weekly Market Recap | September 26, 2022

Week in Review Equity Markets: The S&P closed within 30 points of the early June lows this week. This was heavily influenced by the FOMC’s decision to continue its rate hike path and the commentary that followed. We are nearly 10 months into the year and the market has seen a slow bleed. A slow drawdown was followed by a…

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Weekly Market Recap | September 19, 2022

Week in Review Equity Markets: A broad equity market selloff occurred following the CPI report last Tuesday. We saw the DJIA drop over 1,000 points; the largest daily decline since 2020. The S&P ended the week down 4.7%, and nearly 20% below the early January all-time high. Growth stocks struggled on the fears of more rate hikes, the NASDAQ ended…

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Weekly Market Recap | September 12, 2022

Week in Review Equity Markets: The S&P bounced 4.1% after three consecutive negative weeks. The oversold environment contributed to the strong rally this past week. Pessimism dominated over the past three weeks following Chairman Powell’s comments at the Jackson Hole Symposium. Rhetoric was a major driver of the most recent downturn and the market had reached a pivotal point where…

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Weekly Market Recap | September 6, 2022

Week in Review Equity Markets: After the positive stretch in July, the S&P ended August on a 3-week skid. The S&P 500 ended the week down 3.3% and ~18.5% from the early January market high. Investors hoped for slowing labor market numbers, but the labor market remains strong. There are also increasing concerns the Fed will continue the rate hikes….

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Tax Relief for Missouri Flood Victims

The Internal Revenue Service and Missouri Department of Revenue have granted tax relief for victims affected in the severe storms and flooding that began July 25, 2022. Individuals and households affected by the severe storms and flooding qualify for tax relief if the individual resides or has a business located in: The Independent City of St. Louis; Montgomery County; St….

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Weekly Market Recap | August 29, 2022

Week in Review Equity Markets: As anticipated, the past week’s move was going to rely on the outcome of the Fed’s Jackson Hole Symposium. Although the narrative was not negative, it did not put investors’ minds at ease. The S&P fell over 3% on Friday, ending the week down 4%. The market bounced off the mid-June lows in ferocious fashion…

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