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One thing we have seen this week, is that uncertainty is certain in this economy, with the US avoiding a default on their debt at the last minute. At the same time, manufacturing indexes show that we may already be in a near recessionary environment, while over +300k monthly job gains in May tell a very different story. Every day of economic data seems to provide a different narrative of how the US economy is doing.

In all macroeconomic environments, our team of talented analysts will continue to constantly monitor economic data as it rolls out to best manage each portfolio.

We hope this stickier month of inflation data from April is more of an outlier and less of a trend, and we are hopeful inflation comes down as the lagging effects of higher interest rates ripple throughout the economy. If inflation does not calm down as quickly as we, the Fed, and many other market participants hope, we will monitor data closely and manage portfolios appropriately.

Author: Joe Maas, CIO, SPG Advisors, LLC QUARTERLY COMMENTARY Q1 of 2023 brought positive returns in both the S&P 500 (+7.03%) and the Nasdaq Composite (+16.77%), with a muted Dow…

We’re sure you’ve heard of the concern of banks defaulting. Here’s a a quick recap of what happened the week of March 10th: Last week, regulators seized Silicon Valley Bank…

Author: Joe Maas, Chief Investment Officer, SPG Advisors LLC Financial Markets Investors ended the last full week of February concerned over a likely more sustained period of quantitative tightening, as…

Dated February 24th, 2023 Author: Joe Maas, Chief Investment Officer, SPG Advisors LLC February Inflation Update CPI Components Before diving deeper into what the Consumer Price Index means beyond an…

Posted December 6, 2022 November 2022’s Market Highlights Domestic markets improved at month-end but were still underwater year-to-date. The 10-year Treasury yield curve declined -34 basis points, gold increased to…