Review & Outlook

October 11, 2023

After a positive month in July, the Stock Market gave back its gains and then some over the last few weeks as interest rates rose to levels not seen since the Great Financial Crisis in 2008. With mortgage rates above 7% and Oil prices climbing 15% during the quarter in conjunction with employment gains and solid consumer spending, investors continue to worry about the Federal Reserve keeping interest rates higher for much longer than expected just a few short months ago. As a result, both stock and bond values fell during the period.

Review & Outlook

October 11, 2023

After a positive month in July, the Stock Market gave back its gains and then some over the last few weeks as interest rates rose to levels not seen since the Great Financial Crisis in 2008. With mortgage rates above 7% and Oil prices climbing 15% during the quarter in conjunction with employment gains and solid consumer spending, investors continue to worry about the Federal Reserve keeping interest rates higher for much longer than expected just a few short months ago. As a result, both stock and bond values fell during the period.