Hefter Report
The Hefter Report – March 2024
Last year’s strong rally in the equity markets has continued into 2024. Insatiable interest in leading companies that support Artificial Intelligence (AI), data centers, software and database solutions have driven the equity indices to all-time highs.
Read More >>The Hefter Report – December 2023
A year ago, we were dealing with high inflation and a heated economy that needed government action to slow it down and avoid a recession. The Fed’s monetary policy became more restrictive as they increased rates by a total of over 5% in a relatively short period of time.
Read More >>The Hefter Report – September 2023
The US equity market remains strong. Leading the way have been the 7 largest cap companies which are benefiting from the new advances in artificial intelligence (AI). AI is not only good for technology stocks, but is also improving the efficiencies of companies in virtually every industry. These productivity gains should add to future earnings, the driving force in equity valuations. With the US being the major player in this space, capital has poured in, allowing the dollar to continuously outperform other currencies.
Read More >>The Hefter Report - July 2023
Economic activity in the first half of 2023 has remained resilient despite the Federal Reserve’s hawkish stance over the past 18 months. In our view, the risk of recession has not completely dissipated but seems to have been reduced. This is primarily due to estimated GDP growth trending at 1.7-2% for 2023, a recovery in real consumer disposable income, and stability in the housing market.
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