top of page
  • Scott Poore, AIF, AWMA, APMA

Markets Moving On Each Whisper From Fed

Markets waivered during the week, but ended positive on Powell’s dovish comments.

There were a lot of economic updates to digest last week, but investors remained focused on the Fed. Early in the week, St. Louis Fed region’s Bullard started the week off with hawkish comments that we were no where near a slowing pace of rate hikes. That sent markets lower until Wednesday when Powell reiterated that a slower pace was needed. A strong jobs report on Friday spooked investors into thinking it might affect the plan for slower rate hikes, but the markets finished off the lows and nearly positive by the end of the day.

There were some good economic numbers last week and some underwhelming numbers.

Both the Black Friday and Cyber Monday numbers were strong and above expectations. The Redbook Sales numbers were well above average last week and Personal Spending and Personal Income were in-line or better-than-expected, letting us know the U.S. consumer is alive and well. That doesn’t mean we’re in a robust economy, but the consumer drives the boat. Manufacturing numbers have not been great this year. Housing is still struggling, but may be showing signs of bottoming. We’re in blackout period for Fed speakers until the FOMC meets in 8 days for the final rate decision of 2022. The Fed’s favorite barometer, PCE Prices, looks to have slowed in October and if the PPI number for November shows a 5th consecutive month of declines a slower rate pace is on.



The information contained herein is for informational purposes only and is developed from sources believed to be providing accurate information. The opinions expressed are those of the author, are for general information, and should not be considered a solicitation for the purchase or sale of any security. The decision to review or consider the purchase or sell of any security should not be undertaken without consideration of your personal financial information, investment objectives and risk tolerance with your financial professional.

Forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.

Any market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.

Past Performance does not guarantee future results.


bottom of page