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Financial management news and insights from Fervent Wealth Management in Springfield, MO. “As I chart a course for the accounts I manage for the rest of the year, I find it helpful to review the first six months of 2023.”

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Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The market technically started a new bull market in the last few days when stocks rose 20% above the last bear market low point.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “We just reached the 100th trading day of 2023, and it’s been a solid 100 days for stocks.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “Last Monday, May 22, 2023, a fake picture claiming to show an explosion near the Pentagon in Washington, D.C., was posted and widely shared on social media, causing a quick drop in the stock market.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The earnings reporting season for the first quarter is almost finished, and like the past couple of earnings seasons, companies did much better than expected.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “There’s a lot of talk about the US Debt Ceiling, which can be confusing.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “According to the Wall Street Journal, the Federal Reserve (Fed) raised rates another 0.25% in its continued inflation fight but signaled it might be finished raising rates.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The Conference Board recently reported that consumer confidence (Americans’ comfort level about the economy) dropped in April to its lowest level in almost a year.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “A recession is coming. The Federal Reserve recently released the March 21-22 meeting minutes.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “This past week we marked the six-month anniversary of the market low (S&P 500) on October 12, 2022. Since that low of negative 25% from the previous high, the S&P 500 has rebounded just over 15%, according to Yahoo Finance.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The stock market’s impressive come-from-behind performance in March was dramatic, even with several market disruptions, including a mini-banking crisis. The S&P 500 finished the first quarter up 7.37% and Dow 0.77%, according to JPMorgan.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The banking ‘crisis’ talk has calmed down, but people are still nervous. According to the Federal Reserve, 120 billion dollars has moved from smaller banks to the 25 largest US banks in the last few days since the failure of Silicon Valley Bank.”

Financial management news and insights from Fervent Wealth Management in Springfield, MO. “The Federal Reserve wears two hats. One for being responsible for the ‘overall economy’ (macroeconomy) and the other for protecting the ‘banking system’.”

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