The following quote refers to an old Wall Street saying: “The stock market stops panicking when central banks start to panic.” The Fed seems to be panicking in recent months, and we believe at their September meeting they made a mistake. Most of the forward-looking inflation indicators Astoria monitors are falling, and some quite rapidly. Hiking aggressively while the economy is slowing is rare. Typically, monetary policy becomes tighter when the economy is expanding. Astoria
Astoria Portfolio Advisors would like to welcome you to our inaugural webinar on Thursday, October 13, 2022, at 1:00 PM Eastern Time (ET).
We invite you to join John Davi and Astoria Portfolio Advisors to address topics and questions such as: Is it time to buy stocks? Has the stock market already priced in a recession? When will inflation come down? Do higher interest rates mean stocks are less attractive? The 2-year treasury is yielding 4%. Should you be taking excess cash