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We\u2019ve been reassured by our Federal Reserve Chairman, the recent data pointing to higher inflation will be \u201ctransitory\u201d.\u00a0 The market is believing Chairman Powell, at last for now!<\/p>\nWe\u2019ve been reassured by our Federal Reserve Chairman, the recent data pointing to higher inflation will be \u201ctransitory\u201d.\u00a0 The market is believing Chairman Powell, at last for now!<\/p>\n
Last week our Consumer Price Index was up 2.6%<\/strong> year over year, the highest in some time.\u00a0 Retail sales<\/strong> for March were up 9.8%,<\/strong> above the consensus guess of 5.6%.\u00a0 The price of Gasoline<\/strong> is rising, no surprise.\u00a0 Housing prices<\/strong>, you just have to say wow!\u00a0 Initial Weekly Jobless claims<\/strong> last week fell to a pan<\/strong>demic-level low<\/strong>.<\/p>\n None of the increasing economic data should be a surprise.\u00a0 Stimulus, warm weather, etc.\u00a0 The traffic is pretty much back to normal.<\/p>\n What proof do we have<\/strong>, the market is believing Chairman Powell?\u00a0 The 10 Year<\/strong> US Treasury yield dropped from a recent high of 1.75%,<\/strong> to close last week<\/strong> yielding 1.57%.<\/strong>\u00a0 If the market believed inflation was truly taking a strong hold, the yield would be increasing.<\/p>\n We have not had to deal with above average inflation for many years.\u00a0 Do you believe in \u201creversion to the mean??\u201d<\/p>\n Markets Higher, How Much Higher?<\/strong><\/p>\n Everyone loves seeing the value of their portfolio increase, no matter how they feel about the economy, politics, etc.\u00a0 Me included.<\/p>\n I\u2019m asked frequently, how much higher will the market rise, before a true longer standing correction?<\/p>\n As I certainly do not have an answer, I do believe economic and market cycles continually go from trough to peak, trough to peak, repeatedly.\u00a0 The length of time between directions is the challenge.\u00a0 The markets typically go up much higher than most believe reasonable, and also fall much lower than expected.<\/p>\n For now, let\u2019s enjoy the ride.\u00a0 But PAY ATTENTION!<\/em><\/span><\/p>\n Identity Theft\/SS Webinars<\/strong><\/p>\n This is a reminder that we are hosting the Identity Theft\/Cyber Crime webinar tomorrow (Tuesday, April 20th) at 10:30am. It’s not too late! If you have not registered and would like to do so, please click here.<\/a><\/p>\n![\"\"](\"https:\/\/www.retirementrefined.com\/wp-content\/uploads\/2022\/01\/shutterstock_292895753-300x200.jpg\")
The Small Cap Stock Index was the only major stock index to increase less than 1% for the week with a rise of .86%.\u00a0 All other indexes rose between 1.10% and 1.67%.\u00a0 More and more money is entering the market weekly, continuing to push the indexes further into record territory.<\/p>\n