Market Resiliency

In a year where investors continue to grapple with volatility across all asset classes, many have been shaken in their convictions. Despite such uncertainties, Jeremy Siegel, renowned academic and value investing practitioner, remains steadfast in his support of a rattled but resilient stock market.

This week's highlight article from Wharton summarizes a recent interview with Jeremy Siegel, covering topics on long run stock investing, an outlook on fixed income, and Fed policy.

Jeremy Siegel: Why Stocks Will Remain Strong in the Long Run

Good Service?

Services have replaced durable goods as the main driver of US core inflation today, contributing nearly 70% to the overall print. While elevated, we see a potential path for core inflation to moderate in 2023 as easing supply bottlenecks drive down prices on durable goods. However, some of those deflationary impulses will likely be offset by sticky wage acceleration.

What Else We're Reading

What are the investment implications of China’s Party Congress? (JP Morgan)

Wine, Grapevines and your portfolio (Blair Belle curve)

What to do with that old 401(k)? (fidelity)

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