Relative Value in Large and Midcaps
June’s CPI report showed inflation running at 9.1%, dashing hopes that consumer prices had peaked. Data came from across the economy, challenging the Fed’s rate hike pace. Will 75 bps be enough, or will the Fed kick it up to 1%? Equity markets seem to be buying the notion that longer-term inflation is still headed lower…
▶︎ Read July 18 2022 newsletter: here
▶︎ Chart of the Week: here (by Bloomberg)
(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)
Latest news
Low August U.S. defaults reflects seasonal slowdown as market concern loans build
U.S. leveraged loan and high-yield default rates were unchanged in August 2026 at 3.9% and 2.8%, respectively, as seasonal conditions limited default activity, Fitch Ratings says.
