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April 2023 Market Review

May 9, 2023

Fidelity Bank – Wealth ManagementApril 2023William J. Fennie III, CFA Volatility continued to fall significantly from its peaks in March as pressure on US regional banks subsided in April. The CBOE Volatility Index (VIX), often referred to as the ‘fear gauge” spiked up to 26.52 in mid-March during the collapse of Silicon Valley and Signature […]

February 2023 Market Review

March 7, 2023

Fidelity Bank – Wealth ManagementFebruary 2023William J. Fennie III, CFA Hotter than expected CPI and PCE prints diminished investor optimism in February. The headline CPI printed at 6.41% YOY while the median forecast was expecting 6.2% YOY. PCE also surprised to the high side with a reading of 4.71% YOY versus market expectations of 4.30% […]

January 2023 Market Review

February 3, 2023

Fidelity Bank – Wealth ManagementJanuary 2023William J. Fennie III, CFA After a dismal 2022 for stock and bond investors, US equities jumped off to their best January since 2019 with S&P 500 rising by 6.28%. Optimism on diminishing Fed rate hikes (as of writing 2/1, the Fed raised rates by 0.25%) and potential soft landing […]

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May 20, 2022

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April 26, 2022

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