Market Momentum

In this week’s GVA Market Insights, our Asset Management team explores:

• Equity markets have surged over 10% since April 1st amid strong earnings, though mega-cap concentration — particularly in semiconductors — remains a growing concern.
• The Fed held rates steady at its latest meeting, but a hawkish shift is emerging as inflation reaccelerates and rate hike expectations build for year-end.
• The IPO market is experiencing a historic resurgence, headlined by SpaceX’s record-breaking offering, with several high-profile listings anticipated in the months ahead.

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Advisors associated with Great Valley Advisor Group may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of Great Valley Advisor Group; or (2) solely investment advisor representatives of Great Valley Advisor Group, and not affiliated with LPL Financial. Investment advice offered through Great Valley Advisor Group, a registered investment advisor and separate entity from LPL Financial. 

Eric Parnell, Eric Hough and Evan Coffey are solely an investment advisor representatives of Great Valley Advisor Group, and not affiliated with LPL Financial. Any opinions or views expressed by Eric Parnell, Eric Hough or Evan Coffey are their own and are not those of LPL Financial. All performance referenced is historical and is no guarantee of future results. 

All indices are unmanaged and may not be invested into directly. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. Bond yields are subject to change. Certain call or special redemption features may exist which could impact yield. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.

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