The Pulse on the Economy and Capital Markets: September 5 – 9, 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.

Related resources:

• 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

Disclosures

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.

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