Archive for August 2023

Currently, we are carefully observing the potential effects that these actions may exert on both markets and our portfolios. This vigilant monitoring will persist as the well-being of the banking system remains a critical component of the functionality of both the US and global economies.

Inflation continued to show disinflationary signs this week with July’s CPI and PPI figures coming in, as small & mid-sized banks were downgraded by Moody’s and surprised investors. Additionally, we saw that consumers are feeling more encouraged by economic conditions as seen in the University of Michigan’s Consumer Sentiment Index, despite oil prices rising in July. In every economic environment, we look forward to continuing to monitor markets closely.