Market Data as of Week Ending: 5/19/2023 unless noted otherwise U.S. stock prices were able to move higher last week as investors showed optimism that a resolution on the debt ceiling will be met ahead of the House vote. The S&P 500 ended the week 1.71% higher and...
Chris Broussard
Bond Yields Rise as Inflation Remains Elevated
Market Data as of Week Ending: 5/12/2023 unless noted otherwise U.S. stock prices were mixed as inflation remains elevated and debt ceiling negotiations intensified. Quarterly earnings have been better than expected (78% have reported a positive EPS surprise) as we...
Volatility Increased and the Fed Increases Rates to 5.25%
Market Data as of Week Ending: 5/5/2023 unless noted otherwise Volatility increased and U.S. stock prices delivered mixed results following another bank failure and the Fed’s decision to raise policy rates for the tenth consecutive meeting. Quarterly earnings have...
Mega Cap Stock Gains Lead Markets Higher
Market Data as of Week Ending: 4/28/2023 unless noted otherwise Equities U.S. stock prices were mixed as investors grapple with uncertainty around the economic outlook, the U.S. debt ceiling, and the Fed’s policy meeting. In the last week of April, 35% of S&P 500...
Mid Atlantic Capital Group Announces Deal with PensionPro
Mid Atlantic is pleased to announce it has finalized a deal with PensionPro, the leader in TPA workflow automation software, to become part of its trust and retirement services division
Mid Atlantic to Serve as Trustee for Paychex’s PEP
Paychex Introduces a Pooled Employer Plan, A New Cost-Effective Retirement Plan for U.S. Businesses and Their Employees The Pooled Employer Plan (PEP), an outcome of the SECURE Act, will expand retirement plan access by offering a cost-effective retirement savings...