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You & Your Money
Monthly Market Update | February, 2023
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Hear what's happening in the markets and how it may affect you in our latest Monthly Market Update, featuring Jim Zahansky, AWMA®.
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Welcome to the monthly market update on You and Your Money. Empowering you to reach your goals with tips and insights to help you Plan Well, Invest Well and Live Well. I'm Jim Zahansky, principal / managing partner and chief goad strategist at Weiss, Hale and Zahansky Strategic Wealth Advisors. And here is this month's market update. (whooshing sound) Give us the latest news from the financial markets. What's going on? Good to start to talk about this, it's actually Fed day, so the Federal Reserve has been meeting yesterday. And today they'll come out with what the potential interest rate changes might be and of course, the much awaited press conference from Chairman Powell. So I mean, essentially why this day is important, it's become really important over the past year. I mean, all of us sort of are looking at what the Federal Reserve doing and that's monetary policy in the United States and sort of guiding developed nations across the world. What's happening with monetary policy? All of the things that happened in 2022 that made it a terrible market for equities, for stocks, for bonds, one of the worst years since 2008. And all of those sort of things are being looked at. Interest rates driving inflation down. That's really what the Fed has been doing. So in 2023, we expect the Fed to moderate those interest rate increases slightly. And so we're cautiously optimistic for markets. So in January, when you look back so far, it's been a really strong start to the Nasdaq, to the S and P 500. Those are the equities indices that we're watching. It's also been a strong start to the bond markets as the US bond aggregate is positive year to date. But we're cautiously optimistic because these interest rates, really as inflation looks to be cooled, that specifically as prices everyone's paying everywhere from the grocery store to gas pumps for everything they're buying. We really need those to be tamed and interest rate is the tool to do it. So we're cautiously optimistic for markets, but in the end, interest rates and inflation will drive how markets do this year. Absolutely. Well said. And a good wrap up summation of where we're at right now anyway in the ever changing market. (whooshing sound) As always, thanks for listening to You and Your Money. Find even more episodes, videos and other resources at our website whzwealth.com Be sure to come back next week for more tips to help you live fearlessly and pursue your financial and life goals. Until then, live well. Weiss, Hale and Zahansky Strategic Wealth Advisors offer securities and advisory services through Commonwealth Financial Network member FINRA/SIPC, a registered investment advisor. Fixed insurance products and services offered through CES Insurance Agency. They practice at 697 Pomfret St., Pomfret Center, CT, 06259 And can be reached at
860-928-2341. Weiss, Hale and Zahansky Strategic Wealth Advisors Do not provide legal or tax advice. The tenured financial services team strives to support clients in achieving their financial life goals. For more information regarding wealth management and customized financial planning with Weiss, Haleand Zahansky Strategic Wealth Advisors, please visit www.whzwealth.com.
