March 16, 2023
Robust labor market and sticky inflation continue to present major challenges for the Fed The February employment report showed another strong and better than expected month of job growth. U.S. employers added 311,000 new jobs to the economy last month, well ahead of the 225,000 estimate. The unemployment rate rose to 3.6%, above the expectation […]
February 22, 2023
Inflation continues to show signs of cooling, but the hot labor market presents a challenge for the Fed Markets were laser focused on the January CPI report that showed inflation rose 0.5% month-over-month (M/M) or 6.4% year-over-year (Y/Y). Core CPI increased 0.4% in January and 5.6% over the past year. Rising shelter costs accounted for […]
February 22, 2023
Ben Tuscai Joins Sunpointe Investments
It is with great excitement that we announce Ben Tuscai, CFP® has joined Sunpointe Investments as Vice President of Financial Planning and a Private Wealth Advisor. Ben brings his depth of knowledge and passion for financial planning as Sunpointe continues to enhance our planning services to current and new clients. He joins us after seven years […]
February 15, 2023
Have your Cake and Eat it too?
The speaker at a lecture I recently attended was very well educated, with a Ph.D. in Economics from Stanford. He opened with obligatory humor, saying that although he was a Ph.D. he did not put “Dr” in front of his name. He joked that this was because he couldn’t save anyone if someone yelled “is […]
January 23, 2023
Labor market remains solid as inflation continues to trend lower Payroll growth decelerated in December but was still better than expected with 223,000 new jobs being added to the economy versus the market’s estimate for 200,000 jobs. The unemployment rate fell from 3.7% to 3.5%, and the broader U6 unemployment rate fell to its lowest […]
January 17, 2023
Recognizing What’s Next
As many of you know, I am a student (and teacher) of investor behavior. I love that behavioral finance is not only endless, but that it repeats. I am constantly on the lookout for new ways to interpret investor behavior in current markets. I recently read an article that referenced the 100th birthday party of […]
December 19, 2022
What are investors concerned about ….inflation or recession…or both?
In the aftermath of the Great Financial Crisis (GFC), I began to observe a new phenomenon in the equity markets. It seemed to be that whenever there was bad news economically, the stock market went up. The bad news was good news for equities. Why? Investors were focused on the reaction of the Federal Reserve […]
December 19, 2022
Employment and service sector show strength again while manufacturing sector contracts The November employment report saw job growth and wage growth exceed expectations. Employers added 263,000 new jobs to the U.S. economy, well ahead of the 200,000 estimate. The unemployment rate held steady at 3.7% and the broader U6 unemployment rate fell slightly to 6.7%. […]
November 28, 2022
Markets surge higher on the “colder” than expected CPI report, potential Fed pivot Equity markets and other risk assets rocketed higher on November 10th after the October CPI reading came in “colder” than expected. The headline reading rose 0.4% month-over-month and 7.7% year-over-year (Y/Y), below the estimate of a 7.9% increase. Stripping out the volatile […]
November 21, 2022
Inflection Point- Where Are Rates Going?
In mid-November 2022, St. Louis Fed President James Bullard estimated that the target for the federal funds rate is between 5% and 7% and that is what’s needed to sufficiently slow economic growth and produce a meaningful decline in inflation. Since this prognostication, two different cases are emerging for where interest rates are going. One says […]
October 17, 2022
September job growth remains strong, solidifying another 75 basis points from the Fed September job growth was strong and largely in-line with expectations. U.S. employers added 263,000 new jobs to the economy last month and the unemployment rate fell to 3.5%. The expectation was for 275,000 jobs and an unemployment rate of 3.7%. The surprise drop in the unemployment rate was due […]
September 30, 2022
Matthew Zeigler and Lisa Kearns Join Sunpointe Investments
It is with great excitement that we announce Matthew Zeigler and Lisa Kearns have joined Sunpointe Investments. Matt joins as a Managing Director and Private Wealth Advisor, and Lisa joins as a Client Associate. Matt and Lisa bring several decades of combined experience in financial planning, disciplined investing, and, most importantly to Sunpointe’s culture, empathetic […]
Over the past twenty years, Michael has written five books on behavioral finance and emotional investing to help clients make better investment decisions and reach their goals. His latest work below on the left is designed to help individuals recognize and better manage their behavioral investing biases in any stage of life or market environment.