Manager's Pulse Blog

<sup>Portfolio Management Team&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; December 5, 2022&#160;<br/></sup>

Portfolio Management Team                              December 5, 2022 

Major U.S. equity indexes ended the week higher, supported by comments from Fed Chair Jerome Powell indicating that rates could remain higher for longer, although the Fed could slow the pace of the hikes by the end of this year. The tech-heavy NASDAQ was the best domestic index performer for the week, finishing 2.12% higher...

<sup>Portfolio Management Team&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; November 28, 2022&#160;<br/></sup>

Portfolio Management Team                              November 28, 2022 

U.S. equities closed higher last week on the back continued optimism following the lower-than-expected CPI print and the release of the November Fed minutes that indicated more officials were open to slowing its pace of rate hikes. Most of the gains came from defensive sectors, led by utilities and materials, as well as consumer staples, healthcare, and financials. The S&P 500 Index finished the week 1.56% higher. Economic data reports indicated a lower-than-expected U.S. flash composite PMI of 46.3..