tdub303
Here’s the list of pending economic data to be released this final week of March ’23 (from Briefing.com), and while the final Q4 ’22 GDP estimate and the GDP deflator will get a lot of lip service, the big data point this week
February '23 PCE Data This Week, First Republic And The Regional Bank ETF
Summary
- While the final Q4 ’22 GDP estimate and the GDP deflator will get a lot of lip service, the big data point this week will be Friday’s PCE deflator data for February ’23.
- While Jay Powell is saying the Fed funds rate reductions are not even in the FOMC’s “base-case” scenario, Fed funds futures are already expecting reductions in the base rate by July ’23.
- Technology (XLK) +17.24% YTD, Consumer Discretionary (XLY) +9.73% YTD, and Communication Services (XLC) +18.24% YTD are trouncing the YTD return of SPY.
Brian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Brian has a BSBA (Finance) from Xavier University, Cincinnati, Ohio, (1982) and an MBA (Finance) from Loyola University, Chicago, January, 1985. The CFA was awarded in 1994. Brian has been fortunate enough to write for the TheStreet.com from 2000 to 2012, and then the WallStreet AllStars from August 2011, to Spring, 2012. Brian also wrote for Minyanville.com, and has been quoted in numerous publications including the Wall Street Journal.