David Templeton | TalkMarkets | Page 5
Portfolio Manager & Principal, HORAN Capital Advisors
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David Templeton, Portfolio Manager Principal, is a senior strategist and advisor at HORAN Capital Advisors. David has extensive experience in portfolio construction, security selection,development of investment policies and portfolio allocation strategies for individual and institutional clients. ...more

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Fed Rate Hikes And Recessions
It's no secret the Federal Reserve is near certain to raise the Fed Funds rate at the March 15-16 meeting. The bond market has been expecting a rate hike for some time, and market interest rates have moved higher over the last year in anticipation.
Higher Inflation Leading To Weaker Consumer Sentiment
The consumer accounts for nearly 70% of the economy (GDP), and understanding what is driving their sentiment can provide insight into economic growth. One variable having an impact on the consumer is inflation working its way through the economy.
Declining Oil Inventory Contributing To Higher Oil Prices
Higher oil prices place upward pressure on inflation. Energy's weighting in the Consumer Price Index is 7.34% and the energy category is up 27% for the twelve months ending in January.
Small Business Optimism Continues To Weaken
The January NFIB Small Business Optimism Index was reported at 97.1, down 1.8 points.
Weak Consumer Sentiment A Headwind For Fed Rate Hikes?
This week investor attention will likely have a heightened focus on statements from the Federal Reserve following its two day meeting on Tuesday and Wednesday.
Dividends Matter In Down Markets
As the new year gets underway, the market hasn't been kind. Both stock and bond investments are down with the Nasdaq Composite Index down 12.0%, the Russell 2000 Small Cap Index down 11.4%, and the 30-Year U.S. Treasury down 5.1%, just to name a few.
Yield Curve In Focus And Sentiment
The equity markets do not move higher in a straight line and the broader indices are not down much from their highs; however, individual investor sentiment is leaning towards overly bearish.
Inflation And The Equity Market
The recent release of Federal Reserve minutes gave investors a reason to reevaluate the pace of future Fed tightening. The minutes led investors to believe the Fed might raise rates in the first half of this year and maybe even as soon as March.
Dogs Of The Dow Performance Does Not Keep Pace In 2021
In this past year, the 'Dogs of the Dow' strategy did not keep pace with either the Dow Jones Index or the S&P 500 Index. The Dow Dogs generated a total return of 16.3% versus 20.8% for the DJIA and 28.7% for the S&P 500 Index.
Record Stock Buybacks And Record Dividends In Q3 2021
S&P Dow Jones Indices recently reported preliminary buyback and dividend data for the S&P 500 Index through the third quarter and records were achieved for both.
Investor Fear At An Extreme And Stocks Rise
Just as investors become fearful of stocks, the equity market experiences a turnaround.
Inflation Contributes To Higher October Retail Sales
Wednesday's October retail sales report showed a strong retail sales increase, month over month (MoM) of 1.7% and a year over year (YoY) increase of 16.3%.
Inflation Dents Consumer Sentiment
This past week saw inflation reported at a very hot level, up .9% month-over-month and 6.2% year-over-year. If this monthly rate is annualized, the Consumer Price Index (CPI) is up over 10%. Let's take a look.
A Mixed Labor Market Report
Last Friday's Nonfarm Payrolls was reported at 531,000, better than expectations of 450,000, and the prior report for nonfarm payrolls was revised higher to 312,000 from 194,000. This brings the recovery from the pandemic low to 18.5 million.
A Weak GDP Report For Q3 2021
Thursday's GDP report provided some support to our post earlier this week noting economic growth stalled in the third quarter.
An Economy Nearing Stall Speed In Q3 2021
There has been mixed data on the economy of late due to the pandemic shutdown and subsequent reopening along with the resultant clogged supply chain.
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