Market Snapshot | June 2023
Liz Ann Sonders shares her perspective on the U.S. stock market and economy in this monthly Market Snapshot video.
Total Concentration: Mega Caps Reign
The concentration of gains up the cap spectrum isn't itself a precursor to weakness; it's the lack of participation from the "average stock" that warrants some caution.
Nothing Typical for Stocks After Fed's Last Hike
Analysis shows an extraordinary range of outcomes since the S&P 500's inception in 1928.
Schwab Market Perspective: Debt Ceiling Standoff
Political brinkmanship in Washington adds to concerns about the economy.
Pause? Fed Hikes, But Leaves Door Ajar for More
With unanimity, the Federal Open Market Committee raised the fed funds rate by 25 basis points in May and signaled that further tightening will depend on various economic factors.
Mysterious Ways: Growth vs. Value Debate
Leadership shifts at the sector and style levels warrant some additional caution, as well as a closer look as to what investors are buying when it comes to "growth vs. value."
Mixed (Inflation) Signals
Headline inflation continues to show signs of improvement, but core measures and those most watched by the Fed are proving stubborn in their path toward cooling.
Will the U.S. Dollar Be Dethroned?
There has been a long-term trend toward currency diversification in global financial transactions and trade, but we don't see the U.S. dollar losing its dominance any time soon.
Elevation: Largest Stocks to Market's Rescue?
In the face of banking stress and a hawkish Federal Reserve, stocks have advanced impressively so far this year, but narrow breadth doesn't bode well for continued strength.
2023 Quarterly Market Outlook: Fed on the Brink?
Economic cracks began to appear during the first quarter, capped off by banking system worries. Will it change the direction of Federal Reserve policy?