The Pulse on the Economy and Capital Markets: September 5 – 9, 2022
September 13, 2022
At a glance:
- The price of oil declined last week as markets and stocks receive a much-needed rebound after a tough August.
- Investors brace for the Federal Reserve to increase rates by three-quarters of a percent in their upcoming meeting. Bonds most sensitive to higher rates — specifically government and investment grade — sold off.
- Between the ramp of workers heading back into the office and a pent-up demand post-COVID, diners are back. Recent OpenTable data indicates consumers are using their discretional spending on food and beverages.
- Despite revenue growth, restauranteur’s optimism on same-store sales has declined. Higher food and labor costs has caused restaurant margins to compress, plus concern is mounting as the restaurant industry’s debt continues to grow.
- Amazon sellers see “scary” holiday season as consumers pull back
- Giant merger: Square to buy ‘buy now, pay later’ giant Afterpay in $29B deal
- Foot Locker to buy two shoe store chains for $1.1 billion
- Disney, WarnerMedia and NBCUniversal wrestle with balancing the value of cable networks and streaming services
Investment advisory services are offered by Aprio Wealth Management, LLC, a Securities and Exchange Commission Registered Investment Advisor. Opinions expressed are as of the current date (September 13th, 2022) and subject to change without notice. Aprio Wealth Management, LLC shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions contained herein or their use, which do not constitute investment advice, are provided as of the date written, are provided solely for informational purposes and therefore are not an offer to buy or sell a security. This commentary is for informational purposes only and has not been tailored to suit any individual. References to specific securities or investment options should not be considered an offer to purchase or sell that specific investment.
This commentary contains certain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially and/or substantially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason.
No graph, chart, or formula in this presentation can be used in and of itself to determine which securities to buy or sell, when to buy or sell securities, whether to invest using this investment strategy, or whether to engage Aprio Wealth Management, LLC’s investment advisory services.
Investments in securities are subject to investment risk, including possible loss of principal. Prices of securities may fluctuate from time to time and may even become valueless. Any securities mentioned in this commentary are not FDIC-insured, may lose value, and are not guaranteed by a bank or other financial institution. Before making any investment decision, investors should read and consider all the relevant investment product information. Investors should seriously consider if the investment is suitable for them by referencing their own financial position, investment objectives, and risk profile before making any investment decision. There can be no assurance that any financial strategy will be successful.
Securities offered through Purshe Kaplan Sterling Investments. Member FINRA/SIPC. Investment Advisory Services offered through Aprio Wealth Management, LLC, a regist
About the Author
Chief Investment Officer At Aprio Wealth Management At Aprio Simeon is the Chief Investment Officer of Aprio Wealth Management and the Director of Aprio Family Office. Simeon brings two decades of professional investing experience in publicly traded and privately held companies, as well as senior-level operating and strategy consulting experiences.