The Pallas Perspective

This week in the Review:

    PCA looks at the Inflation data for September hitting a 40-year high and the earnings season commencing on lowered expectations – which may be a sign of prospectively lower inflation and a bottoming process.

This week in the Review:

Pallas Capital Advisors provides a Third Quarter Financial Markets Review and notes that the first days of October have started on a positive note.

Pallas Capital Advisors CEO & Founding Partner, Richard Mullen, is joined by Chief Investment Officer, Mark Bogar, CFA, CAIA, and Senior Portfolio Manager, Stephen Kylander, to discuss: September was the worst month for financial performance since the onset of Covid in March, 2020 and then the first days of October saw a sharp rebound.  What’s going on? How should portfolios be positioned?

This week in the Review:

     1. September continues its tradition as a difficult month for markets on surging rate expectations. PCA outlines the impact of the implied Fed funds target rate; the Dot projection peak rate moving to 4.6% and Price to Earnings ratio (P/E) pulling back 25%.

     2. September financial market performance and sentiment fall from already low levels. PCA looks at the AAII index finishing the month increasingly bearish and the historical precedents with the S&P 500 index.

This week in the Review:

1. Hawkish Fed Policy Weighs on Financial Markets

• Impact of the Federal Open Market Committee (FOMC) raising the funds rate target range

     2. As Recession Concerns Grow, Investors Can Look to History          for Earnings Trends

• Recession: different impact on different sectors

This week in the Review:

1. Disappointing CPI Report Raises Fed Funds Rate Expectations and Sets Back Market Sentiment

This week in the Review:

1. Fed Funds Rate Expectations Rise into Year End but Could Reflect a Peak

• Jackson Hole commentary

     2. Investor Sentiment Returns to Levels Near Record Lows

• AAII Sentiment Survey

Pallas Capital Advisors CEO & Founding Partner, Richard Mullen, is joined by Chief Investment Officer, Mark Bogar, CFA, CAIA, and Senior Portfolio Manager, Stephen Kylander, to discuss:

- Stock and bond markets retreating over the past month

- Hawkish Federal Reserve commentary

- Rising interest rates

- On-going inflation concerns driven by higher energy prices, particularly in Europe.   

This week in the Review:

1. Powell Maintains Hawkish Tone in Jackson Hole, “Acting with Resolve
   

• FOMC and the Federal Funds Rate

     2. Relief Rally Under Fire, Stocks Turn Negative in August

• Rally reversing course

Pallas Capital Advisors COO & Director of Planning, James Landry, ChFC, is joined by Director of Planning & Client Experience, Shannon Smith, CFP, AWMA, to discuss paying for college and what the impact of partial debt forgiveness means to:

College costs

Ways to pay for college

• Financial Aid

College loans

• Federal

Ways to save

• 529 Savings Accounts

Benefits of a 529 Plan