Fagan Associates

The economy continues to operate at a surprisingly robust pace. Along with the stronger than expected January jobs data earlier this month, the Consumer and Producer Price Indexes and Retail Sales all surprised to the upside this past week. The result was a transition back to economically sensitive stocks and away from secular growth. We were satisfied to see even that rotation. After the run-up the latter has experienced since the beginning of 2023 some profit-taking was in order. However, we will watch to see if this transition has some legs. At the present time, a well-diversified portfolio, including some international holdings and bonds is in order.

WEEKLY MARKET RECAP WEEK ENDING FEBRUARY 17, 2023 - Market Commentary

The broader market digested gains made during the first couple weeks of the year as investors mulled the potential implication of declining bond yields (see rates below). The Dow Jones Industrial Average fell the first three trading days of this holiday shortened weeks before rebounding Friday. In our opinion it is time for investors to shed the belief that they will spot the perfect time to invest and begin to look for longer-term opportunities.

WEEKLY MARKET RECAP WEEK ENDING JANUARY 20, 2023 - Market Commentary · The broader market digested gains made during the first couple weeks of the year as investors mulled the potential implication of declining bond yields (see rates below). The Dow Jones Industrial Average fell the first three trading days of this holiday shortened weeks before rebounding Friday. I...

All major indices pushed higher this week, fueled by the anticipation of slowing inflation and then confirmation of that belief on Thursday with the release of the Consumer Price Index (CPI) for December. The overall CPI fell 0.1% for the month and in doing so market the first monthly decline since May 2020.

WEEKLY MARKET RECAP WEEK ENDING JANUARY 13, 2023 - Market Commentary · All major indices pushed higher this week, fueled by the anticipation of slowing inflation and then confirmation of that belief on Thursday with the release of the Consumer Price Index (CPI) for December. The overall CPI fell 0.1% for the month and in doing so market the first monthly decline sin...