Fitch Downgrades U.S. Credit
The rating agency “Fitch Ratings” has downgraded US Federal Government Credit Rating to AA+ from AAA late Tuesday evening. A couple of things to note: Credit rating is similar to bonds, as it is to personal credit rating. The higher the rating, the lower interest the borrower has to pay because it is seen as Read the full article…
Quarterly Client Letter – Q2 2023
Referring back to my end-of-year letter, here are a few key points I went over. Equity markets have historically reacted to a recession BEFORE it starts. Back-to-back down years are rare. This should be taken as an opportunity. YTD Performance: SP500: +16.89% Technology: +42.77 Industrials: +10.19 Consumer Discretionary: +33.06% The market has seen significant Read the full article…
Mid-Week Market Minute: July 19, 2023
In this mid-week market minute: Positive Returns Continue; Focus Turns to Q2 Earnings Stocks continued their upward trajectory this week as the Dow Jones Industrial Average posted its seventh consecutive day of positive returns on Tuesday. For July, all major indices are firmly in positive territory, with the S&P 500 higher by about 2.5%. After Read the full article…
