The Pallas Perspective

This week in the Review:
     1. September continues its tradition as a difficult month for markets on surging rate expectations. PCA outlines the impact of the implied Fed funds target rate; the Dot projection peak rate moving to 4.6% and Price to Earnings ratio (P/E) pulling back 25%.
     2. September financial market performance and sentiment fall from already low levels. PCA looks at the AAII index finishing the month increasingly bearish and the historical precedents with the S&P 500 index.
 

This week in the Review:
Hawkish Fed Policy Weighs on Financial Markets
Impact of the Federal Open Market Committee (FOMC) raising the funds rate target range
Tightening financial conditions
Dollar continues to appreciate against foreign currency
     2. As Recession Concerns Grow, Investors Can Look to History          for Earnings Trends
Recession: different impact on different sectors
 

This week in the Review:
Disappointing CPI Report Raises Fed Funds Rate Expectations and Sets Back Market Sentiment
Higher Cash Yields A Silver Lining in Choppy Market
Thinking Ahead...
 
 

This week in the Review:
Fed Funds Rate Expectations Rise into Year End but Could Reflect a Peak
Jackson Hole commentary
Fuel Prices
Labor and Housing continue to pressure CPI
     2. Investor Sentiment Returns to Levels Near Record Lows
AAII Sentiment Survey
Historically low readings
 

Pallas Capital Advisors CEO & Founding Partner, Richard Mullen, is joined by Chief Investment Officer, Mark Bogar, CFA, CAIA, and Senior Portfolio Manager, Stephen Kylander, to discuss:
- Stock and bond markets retreating over the past month
- Hawkish Federal Reserve commentary
- Rising interest rates
- On-going inflation concerns driven by higher energy prices, particularly in Europe.   

This week in the Review:
Powell Maintains Hawkish Tone in Jackson Hole, “Acting with ResolveNow”
FOMC and the Federal Funds Rate
Importance of Labor market and CPI
     2. Relief Rally Under Fire, Stocks Turn Negative in August
Rally reversing course
Three indexes are now negative
Housing Market and FOMC notes
 

Pallas Capital Advisors COO & Director of Planning, James Landry, ChFC, is joined by Director of Planning & Client Experience, Shannon Smith, CFP, AWMA, to discuss paying for college and what the impact of partial debt forgiveness means to:
College costs
 
Ways to pay for college
Financial Aid
 
College loans
Federal
Private
Deferred Interest
Paying Back
The President's Pardon
 
Ways to save
529 Savings Accounts
Coverdale ESAs
UTMA
UGMA
Taxable Accounts
Roth IRAs
 
Benefits of a 529 Plan
 
 

This week in the Review:
European inflation remains elevated
Federal Reserve positioning importance vs. CPI

This week in the Review:
A Historic Yield Curve Inversion Has a Silver Lining
Impact on short and longer term Duration Bonds
Impact on inflation
Home Sales Slow As Rates Rise But Prices Remain Firm on Limited Supply
Existing home sales numbers falling...again
Home price levels remain high
Housing starts at two year low

This week in the Review:
Peak inflation is likely now behind U.S. but may remain elevated
U.S. Consumer Price Index (CPI) report released Wednesday
Performance of the Core Index
What sectors are up or down
     2. Mixed signals on economic growth but no cliff in sight in the near term
The nature of negative growth in the U.S. GDP
Negative GDP's effect on Financial markets