Chris Broussard

Stocks Breakout as Debt Ceiling Optimism Grows

Stocks Breakout as Debt Ceiling Optimism Grows

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...

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Bond Yields Rise as Inflation Remains Elevated

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...

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Volatility Increased and the Fed Increases Rates to 5.25%

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...

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Mega Cap Stock Gains Lead Markets Higher

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...

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Mid Atlantic to Serve as Trustee for Paychex’s PEP

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...

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