Helping You Make Better Choices With Your Money
by Tim Mullooly
Well, it’s Groundhog Day…again. (Great movie)
Yesterday was another day where we got a Fed announcement and a rate hike. For the last year, Fed announcement days have kind of felt like Groundhog’s Day. Rate hike, market down. Rate hike, market down. Repeat. However, that cycle MAY be coming to a close.
by Tim Mullooly
We’re into the second month of 2023, and right off the bat we have a relatively important day for the market and economy as a whole. Today we’ll find out how much the Fed will hike rates once again. After a full year of this, you’d think people would react a little better, but that remains to be seen.
by Tim Mullooly
Despite what happened in 2022, the market seems to have turned a corner in the short-run as we finish off a pretty strong month of January. The Fed meeting still looms large, but at least ONE month in 2023 was promising! Who knows what will happen in the other eleven.
by Tim Mullooly
Last Friday the latest edition of the Mullooly Asset Podcast was published! We talked about where to keep your cash now that banks across the country are offering higher rates. You can listen to the episode here!
by Tim Mullooly
We received the GDP numbers from the fourth quarter of 2022 this morning, and while the economy still produced at a pretty solid rate, it did cool down a little bit. We’ll see how this rally in January will shake out, and if Jay Powell has plans to throw some cold water on things next week.