By M. Ray Perryman, PhD, CEO and President – The Perryman Group Overview Outlook for the US Economy – 3rd Quarter 2023 By M. Ray Perryman, PhD, CEO and President The Perryman Group Inflation/Interest Rates The Federal Reserve has been taking action to slow inflation, including raising interest rates at a historically rapid pace. Even though […]
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Market Recap The U.S. stock market reached a 2023 high at the end of July before selling off 7.5% through August and September to finish the quarter down 3.3%. Year-to-date the market still remains up a solid 13%. Smaller-cap stocks also had momentum early in the quarter but changed course and ended the quarter down […]
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Market Recap Global equities continued to rally in the second quarter, led by surging U.S. mega-cap technology stocks, particularly anything related to Artificial Intelligence (AI). Domestic stocks gained 6.6% in June and 8.7% in the second quarter, driving its year-to-date return to 16.9% overall. Outside the U.S., developed international stocks are up 11.7% for the […]
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Market Recap Despite the stress in the banking system, including the failure of Silicon Valley Bank, global equity markets held up remarkably well and posted solid returns for the quarter. The domestic stock market gained 7.5% in the first quarter. Developed international stocks did a bit better, rising 8.5% for the quarter and emerging markets […]
Read MoreBy M. Ray Perryman, PhD, CEO and President – The Perryman Group Overview Outlook for the US Economy – 1st Quarter 2023 By M. Ray Perryman, PhD, CEO and President The Perryman Group Employment The United States economy gained 4,349,000 net new jobs over the twelve-month period ending February 2023 for an annual employment growth […]
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Market Recap An extremely difficult year in the financial markets ended with a thud for U.S. stocks. Following a solid early fourth quarter rally, domestic stocks slumped in December and closed out the year with an 18.1% loss, its largest annual decline since 2008. Developed international stocks were down 14.5%, while emerging market stocks were […]
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