Weekly Market Recap – September 9, 2022
Weekly Market Recap – September 9, 2022 Queen Elizabeth II died on Thursday at the age of 96. She was Britain’s longest-serving monarch, having reigned since 1952. Prince Charles ascended to the throne...
View ArticleWeekly Market Recap – September 16, 2022
Weekly Market Recap – September 16, 2022 The prospect of an imminent railway strike captured the financial news headlines early in the week until Thursday when a solution brokered by the White House...
View ArticleWeekly Market Recap – September 23, 2022
Weekly Market Recap – September 23, 2022 Concerns about a global recession were sparked by the move by central banks around the world to raise interest rates and intervene in foreign exchange markets,...
View ArticleWeekly Market Recap – September 30, 2022
Weekly Market Recap – September 30, 2022 On Monday, the British Pound sank to a record low of £1.03 per USD. To bolster the UK economy, on Wednesday, the Bank of England announced a £65 billion...
View ArticleWeekly Market Recap – October 7, 2022
Weekly Market Recap – October 7, 2022 The U.S. gross national debt exceeded $31 trillion for the first time, nearing the statutory $31.4 trillion ceiling placed by Congress. Saudi Arabia and Russia,...
View ArticleWeekly Market Recap – October 14, 2022
Weekly Market Recap – October 14, 2022 On Monday, Russia launched a barrage of missile attacks that hit Kyiv as well as ten other Ukrainian cities. According to President Putin, the strikes were in...
View ArticleWeekly Market Recap – October 21, 2022
Weekly Market Recap – October 21, 2022 After six weeks as the British prime minister, Liz Truss resigned her post, making her the shortest-serving PM in the nation’s history. Her plans for tax cuts and...
View ArticleWeekly Market Recap – October 28, 2022
Weekly Market Recap – October 28, 2022 The average 30-year mortgage rate soared beyond 7%, its highest level since 2002. Britain’s Conservative Party selected Rishi Sunak as the next prime minister; he...
View ArticleWeekly Market Recap – November 4, 2022
Weekly Market Recap – November 4, 2022 Russia’s President Putin suspended the Ukraine grain export deal, only to reverse his position a few days later, causing a volatile whipsaw in international wheat...
View ArticleWeekly Market Recap – November 11, 2022
Weekly Market Recap – November 11, 2022 Russian troops withdrew from Kherson and its surrounding region in Ukraine’s south. It was the first major Ukrainian city occupied after President Putin ordered...
View ArticleWeekly Market Recap – November 18, 2022
Weekly Market Recap – November 18, 2022 The U.S midterm election vote count was finally completed, giving the GOP control of the House, with the Democrats controlling the Senate. Ahead of the G20...
View ArticleWeekly Market Recap – November 25, 2022
Weekly Market Recap – November 25, 2022 Continuing Russian attacks on power plants and other energy infrastructure targets have left an estimated six million Ukrainians in the cold and dark. Black...
View ArticleWeekly Market Recap – December 2, 2022
Weekly Market Recap – December 2, 2022 Fed Chairman Powell signaled that the central bank is poised to ease borrowing costs, saying, “the time for moderating the pace of rate increases may come as soon...
View ArticleWeekly Market Recap – December 9, 2022
Weekly Market Recap – December 9, 2022 OPEC Plus announced that oil production would remain unchanged. Triple A published its weekly at-the-pump gasoline prices at $3.33 per gallon, lower than it was a...
View ArticleWeekly Market Recap – December 16, 2022
Weekly Market Recap – December 16, 2022 A breakthrough in science hit the headlines on Tuesday as the Lawrence Livermore National Laboratory in California announced a milestone: physicists had produced...
View ArticleWeekly Market Recap – December 23, 2022
Weekly Market Recap – December 23, 2022 Ukraine’s President Zelensky visited Washington, where he held meetings with President Biden and top administration officials, and delivered an address to a...
View ArticleWeekly Market Recap – December 30, 2022
Weekly Market Recap – December 30, 2022 On Thursday, President Biden signed the $1.7 trillion package to fund the government into next fall. In response to the G7’s $60 price cap on Russia’s oil,...
View ArticleWeekly Market Recap – January 6, 2023
Weekly Market Recap – January 6, 2023 In the U.S. House of Representatives, it took fifteen ballots to secure Kevin McCarthy’s speakership, which dominated the news most of the week. There are new...
View ArticleWeekly Market Recap – January 13, 2023
Weekly Market Recap – January 13, 2023 Treasury Secretary Janet Yellin warned of a potential default on US debt if lawmakers fail to act on the debt ceiling prior to the January 19 deadline. A massive...
View ArticleWeekly Market Recap – January 20, 2023
Weekly Market Recap – January 20, 2023 On Thursday, the US debt ceiling ($31.4 trillion) was hit without being addressed by any relevant actions by the House of Representatives. Treasury Secretary...
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