How the Markets Closed Out February on a Positive Note: Market Commentary from Cabana’s CEO – March 4, 2024
Late last week, we got the much-anticipated PCE (Personal Consumption Expenditures) report. This is the Federal Reserve’s favorite inflation indicator. After two fairly hot inflation reports in February, this was important to see whether the downward trend in inflation remains in place. The market was looking for a .3% month-over-month increase and 2.4% twelve-month increase… Read the full article.
Last Week Was the First Down Week in the Past Six – What Could it Mean?: Market Commentary from Cabana’s CEO – February 21, 2023
The past week we have seen two separate inflation measures (CPI and PPI) come in above expectations. This has increased upward pressure on interest rates while reducing chances the Federal Reserve (the “Fed”) will cut rates anytime soon. The message from our Central Bank has been clear that rate cutting will not begin until it… Read the full article.
Rate Cuts May No Longer be Imminent and Investors are Treading Water: Market Commentary from Cabana’s CEO – February 8, 2024
The market cap-weighted stock indices continue to march higher after a brief pullback in early January. This continues to be led by technology stocks, while most other sectors are underperforming. Bonds, real estate, utilities, dividend paying stocks and other interest rate sensitive assets remain under pressure as yields have bounced above 4% again. Chairman… Read the full article.