- Calmer waters should lie ahead for investors. Inflation is falling, the Fed is nearing the end of its tightening cycle, and much of the expected weakness in economic growth is already reflected in market valuations. – Dr. David Kelly, Chief Global strategist, J.P. Morgan
- With policy already restrictive, we project the Fed will further step down the pace of hikes to 25 basis points (bps) in February and deliver another 25 bps hike in March, with further moves dependent on how the data evolves. – Vanguard
- U.S. core Personal Consumption Expenditures (PCE) inflation rose +0.3% month over month in December and 4.4% year over year. With Fed funds at 4.25% we are now approaching positive real (inflation-adjusted) interest rates, a necessary condition historically for a bear market to end – Bob Doll, Crossmark Global Investments.
As always, we continue to believe that one’s circumstances and risk profile should determine the appropriate mix of investments, and not media headlines. Please contact us if you ever have any questions or concerns about your accounts or any news you hear.
Information in this commentary is gleaned from third party sources, and while believed to be reliable, is not independently verified. This content is not intended to be tax, legal, investment or fiduciary advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this material may not be suitable for all investors. Bernardo Wealth Planning recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. Past performance does not guarantee future results.