Federal Reserve May Need to Reassess the 2% Inflation Target

September 21, 2023

The Philadelphia Federal Reserve surveys 37 prominent economists and compiles a report known as the Survey of Professional Forecasters, to help the Federal Open Market Committee (FOMC) determine growth in the economy, to assess inflationary factors and ultimately to set…

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Monetary Policy – Where is the current policy taking us?

August 29, 2023

The Federal Reserve has been aggressively raising interest rates since last year in response to significant inflationary pressure. As noted in a previous report, earlier in the year we witnessed the effect of a change in monetary policy on the…

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HIM Global Equity Total Return Graph

August 7, 2023

Disclosures:⦁ Past performance is not indicative of future performance.⦁ Cash was included in calculated the Global Equity portfolio returns.⦁ The Global Equity benchmark is the MSCI Global Value Index.⦁ Investing in the Global Equity risk entails substantial risks, including risks…

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Hemispheres Q2 2023 Performance Figures

July 28, 2023
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Federal Reserve Adjustment

July 28, 2023

On July 26th, 2023, the Federal Reserve raised interest rates by 25 basis points, resulting in a target federal funds rate of 5-1/4 to 5-1/2 percent. The second quarter U.S. gross domestic product (GDP) was released today (+2.4%) and marked…

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2023 Mid-Year Market Outlook

June 28, 2023

In our prior monthly updates, we wrote about multiple economic and political factors that led to volatile markets in the first half of 2023.  Yet despite the volatility, market returns have been strong thus far in 2023.  Stock market returns,…

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Global Value Equity Update

June 26, 2023

As we approach the end of the second quarter 2023, Hemispheres provides year-to-date results as of the middle of June 2023 for its Global Equity investment strategy. As of June 15th, the Global Equity composite returned 24.75% (net) versus the…

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Debt Ceiling Talks Progressing—What does it mean?

May 31, 2023

On January 19th, Treasury Secretary Janet Yellen announced that the U.S. had hit its maximum debt limit of $31.38 Trillion. What does this mean?

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April 28, 2023

As we head into the May trading period, our thoughts go to the adage “Sell in May, Go Away.” Looking at S&P 500 returns during the month of May since 1994, stocks have gained 73% of the time with an…

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2nd Quarter 2023 Market Commentary

April 3, 2023

Financial Sector Update The big news during the month of March was the failure of Silicon Valley Bank (SVB), which brought the financial stability of banks into sharp focus and resulted in a sharp sell-off in stocks throughout the sector.…

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