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April 24, 2024
Fidelity Bank – Wealth ManagementMarch 2024William J. Fennie III, CFA Resilient economic data buoyed investors’ spirits during the first quarter of 2024. Confirmation of greater than expected 4Q 2023 GDP, a surprise expansion reading of ISM Manufacturing PMI (50.3) and macroeconomic data elsewhere around the world further supported the prospect of a resilient economy in […]
February 15, 2024
Fidelity Bank – Wealth ManagementJanuary 2024William J. Fennie III, CFA Global markets were a mixed bag to start the new year. After a rally in almost every asset class to end 2023, January saw US stocks rise 1.68%, while US Investment Grade Bonds fell 0.28%. Strength of the economy, inflation, disinflation, and the speed and […]
January 12, 2024
Fidelity Bank – Wealth ManagementJanuary 2023William J. Fennie III, CFA Bond and Equity markets continued to rally in December as the Bloomberg US Aggregate Bond Index rose 3.83% and the S&P 500 rallied 4.54%. This positive momentum helped the indexes finish up 5.53% and 26.29% for the year, respectively. Cooling inflation driven by less robust […]
