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Furstenau
Wealth
Update

Jul 5th, 2022

The Markets

 

The first six months of 2022 have earned a place in history books.

 

2022 is likely to become part of the lore passed from generation to generation. Stories will be told about this bear market, as well as the remarkable political and social events that have occurred in the United States and elsewhere. Here is a brief look back at the last three months.

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June 27th, 2022

The Markets

 

Last week, bad news was good news.

 

Consumers were feeling blue in June, according to the University of Michigan Consumer Sentiment Survey. The survey scored sentiment at 50, which was the lowest level on record. Surveys of Consumers Director Joanne Hsu reported that 79 percent of consumers anticipate business conditions will decline during the next 12 months, and almost half indicated they are spending less because of inflation.

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June 6, 2022

The Markets

 

How strong is the United States economy?

 

That’s the question investors were mulling after last week’s jobs report.

 

More jobs were created in May than economists expected, and the labor force participation rate rose, meaning even more people are returning to work. Overall, the unemployment rate remained at 3.6 percent. However, unemployment rates varied by age, sex and race:

 

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