Annex Wealth Management
Annex Wealth Management is an elite, privately-held, full-service advisory and wealth management firm with offices throughout Wisconsin. Individuals, families, corporations and other institutions trust our relationship-oriented philosophy.
Retail disappoints in November
Retail sales figures for November are in—and they’re not great. Down .6%, double the estimate.
The Fed drops a 50bps hike
Dot plots, or the Fed’s best guess, show policymakers expect to end interest rate hikes in 2023 peaking at 5.1%--higher than previously indicated.
November CPI. Coming down.
Still in the 7’s—but down from the 7.9% spring peak.
“…bearish indicators are flashing”
Janet Yellen's appearance on 60 Minutes signaled something quite different than what she used to say about inflation. Dave and Dan discuss. Will 2023 see a true recession? And could trying times in the market spill over into 2024?
The difference between a ‘correction’ and a change in ‘trend’.
Accelerated GDP growth...for now. A crisis of sentiment. Future returns of fixed income. The economy deteriorating in a recession.
PPI Stays Hot, But Inflation May Be Cooling
Friday’s PPI numbers indicated that inflation is still burning hot, but some indicators show inflation is receding. How will the Fed react next week? Is a recession imminent? Annex Wealth Management’s Dave Spano and Derek Felske discuss.
Retail’s growing crime problem
"Organized retail theft is spreading faster than COVID."
CEO confidence. Not high.
CEO confidence is the lowest since the Great Recession of 08-09.
IRS: Operation Buzzkill
Almost 75% of taxpayers received refunds last year. Things will be different for 2022. Expect smaller refunds.
Two themes: Energy and the Fed.
Set the supply chain and Russia aside. The Fed misjudged the situation and is now working feverishly to avoid a recession.
What are inverted yield curves telling us?
Emerging markets, the historically deep inversion in the yield curve--and is everyone copying each other's investment homework?
Jobs Report Makes The Fed’s Job Harder
The Fed's dual mandate of low inflation and full employment is not met. What will the Fed do now that inflation continues and employment is staying hot? Annex Wealth Management's Dave Spano and Jason Cooper discuss.
