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HSP Group Market Update Thumbnail

HSP Group Market Update

After the worst first half for stocks since 1970, markets enjoyed a brief summer respite as participants began hoping for a Fed pivot. We have previously communicated our concern that hope for a more dovish Fed was premature. This hope-based rally gave way to the worst September in 20 years and the third quarter ended

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HSP Group Market Update Thumbnail

HSP Group Market Update

The Federal Reserve raised its overnight rate by 0.75% yesterday. This was anticipated by the market, but a significant change from their prior meeting, where Jerome Powell said that hikes would likely be 0.5% per meeting and a three-quarter point hike was not actively discussed. Elevated inflationary data seems

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Baird Gives Back 2022 Thumbnail

Baird Gives Back 2022

This week HSP participated in Baird Gives Back, the associate organized series of volunteering events in communities across the globe. Together we helped shuck 1,200 pounds of fresh corn for local food...

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HSP Group Market Update   Thumbnail

HSP Group Market Update

Last week, the Federal Reserve hiked the federal funds rate by 50 basis points (0.5%). This increase was in line with market expectations and the second after initial liftoff occurred at the March meeting. The Fed is fighting the highest inflation readings since the 1980s. In our view, the roots of

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HSP Group Market Update Thumbnail

HSP Group Market Update

The first three weeks of 2022 have seen sharp declines in the major U.S. stock indexes. The first 17 trading days are the worst start to a year in history. The NASDAQ, S&P and Dow are down 17%, 10% & 8% from their respective highs. The most aggressive sectors of the market have been hit the hardest, with ~40% of the companies in the NASDAQ down 50% or more from their peak. Bonds prices have declined as well. Why now? The economy is still expanding, but input costs such as labor and energy have also been rising. The country is close to full employment and crude

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