Wall Street closed higher as market participants were soothed by US Treasury Secretary Janet Yellen's reassurances that measures will be taken to keep Americans' bank deposits safe https://t.co/f2OTi2eWu5
The stock market stayed relatively flat Wednesday following the release of the Federal Reserve's minutes prior to its last interest rate hike. CapWealth chief investment officer @timpagliara joined CBS News to discuss. https://t.co/fVeozUb2FW via @CBSNews
“We believe that inflation’s going to be stuck somewhere in the 4-5% range,” @CapWEalthMgt CIO Tim Pagliara says. “And if that’s the case, then that would suggest that there’s at least two to three 50-basis-point hikes going into [the] first half of” 2023.
CapWealth’s 3rd closed Affordable Housing session on May 25 builds on previously discussed concepts found in the Biden Housing Supply Action Plan. Pinto, a senior fellow at @AEI will discuss bipartisan light-touch zoning to enhance affordability. Local/state leadership to attend.
"The economic fundamentals are very, very good with the exception of inflation,” @CharlesSchwab Managing Director of Trading & Derivatives @RandyAFrederick says. “Everything else in the economy looks really, really good. The labor market's in great shape.”
"Few things can roil the financial system like global politics." - learn more from Jennifer Pagliara on the importance of a financial plan.
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“A short-term spike in oil prices to $120 per barrel is possible because sanctions against Russia would curtail its ability to export oil and that would likely reduce global supply,” said Tim Pagliara to @Forbes.
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“The biggest risk is the Fed doesn’t focus on data and/or react appropriately to how this unwinds,” CapWealth CIO @timpagliara says. “They have all the tools to bring inflation under control. It’s just a question of how orderly they can do that and how much disruption…”
"This is a stock-pickers market - it requires analysis, and it's company by company," CapWealth's @timpagliara said during a recent @BloombergRadio interview.
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