Citi Personal Wealth Management
Market Reactions
The Fed Decides to Taper
November 3, 2021
As widely expected, the Federal Reserve decided to taper its monthly bond purchases by $15 billion each month ($10 billion in Treasuries and $5 billion in agency mortgage-backed securities).
The Delta Drop
July 19, 2021
For the past year or so, the winds have largely been blowing in one direction with both U.S. gross domestic product (GDP) and the S&P 500 experiencing a sharp V-shaped recovery. However, some crosswinds seem to be forming with modestly slowing economic growth and the COVID Delta ...
The Fed Sends a Signal
June 22, 2021
Back in early February, we wrote a piece claiming that if inflation continued to tack higher over time, then investors may start to debate whether or not a tapering of Fed asset purchases or a raising of interest rates could occur sooner than anticipated.
Goldilocks Can’t Find the Right Temperature
May 12, 2021
Right now, the bowl seems a bit too hot for investors’ liking. U.S. real gross domestic product (GDP) grew by an annualized rate of 6.4% in the first quarter of 2021, U.S. job openings surged to a record high of 8.1 million jobs in March, and the Consumer Price Index (CPI) ...
Too Hot to Handle?
March 2, 2021
Rising U.S. Treasury yields took center stage last week, sparking a further rotation into value and cyclical stocks and out of Technology stocks. In the United States, the S&P 500 tumbled 2.5% while the Dow Jones slipped 1.8%. The tech-heavy NASDAQ, which is more sensitive to ...
The Great Inflation Debate
February 9, 2021
Stocks across most regions surged as market volatility fell and expectations of large U.S. fiscal stimulus rose. In the United States, both the S&P 500 jumped 4.7% - its best week since November. The NASDAQ surged 6.0%. Non-U.S. stocks also rose with European shares climbing ...
A Corner of Chaos
February 1, 2021
Financial market headlines have been dominated by the actions of a group of retail traders who have used social media to drive up the price of a handful of heavily shorted stocks. This phenomenon has caused a certain level of chaos in select corners of the market as the ...
Washington Watch: The Nation Waits…
November 5, 2020
The nation is collectively holding its breath while we wait for the results of the U.S. presidential election. However, the stock market is less patient and has moved in advance of the results.
Unanswered Questions
October 5, 2020
Investors face a great deal of uncertainty right now with the U.S. presidential election quickly approaching. While it is hard to feel assured about the outcome, fiscal stimulus may act as a vaccine that provides financial markets with antibodies to risk.
Gravity Still Exists
September 9, 2020
Prior to the last few days, the saying that, “stocks always go up,” appeared to be gaining credence with the NASDAQ rallying an incredible 75.7% between March 23rd and September 2nd. However, gravity has once again reasserted itself and equity markets have been falling from ...
