A very turbulent week, marked by volatility, ended with a robust finish. Last Friday’s gains were enough to push several of the benchmark indexes higher by the end of the week. The Dow advanced 1.3% and the S&P 500 gained 0.8%. A late-week tech rally was enough to move the Nasdaq back to where it […]
Read MoreMonth: January 2022
Will Infrastructure Investment Pave the Way to a Stronger Economy?
In November 2021, Congress passed the Infrastructure Investment and Jobs Act, a roughly $1 trillion package that reauthorized existing programs and provided more than $550 billion in new funding over the next five years to help upgrade aging U.S. transportation, water, power generation, and communication systems.1 The American Society of Civil Engineers applauded the bipartisan legislation, […]
Read MoreWeekly Update as of market close January 21, 2022
Volatility has engulfed the markets this month and is showing no signs of letting up, impacted by a more hawkish Federal Reserve stance, economic disruptions from Omicron, and risks to company profits due to rising costs. Fourth-quarter 2021 corporate earnings season has begun with uneven results so far. Inflation continues to hover over investors as […]
Read MoreThe Fed Pivots to Fight Inflation
On December 15, 2021, the Federal Open Market Committee (FOMC) of the Federal Reserve System made a significant shift in monetary policy in response to rising inflation. The Committee accelerated the reduction of its bond-buying program in order to tighten the money supply and projected three increases in the benchmark federal funds rate in 2022, […]
Read MoreWeekly Update as of market close January 14, 2022
Equities closed generally lower last week, with only the Global Dow ending the week in the black. Inflation, or more likely the Federal Reserve’s response to rising prices, may have influenced investors. Markets are still adjusting to the anticipated tighter monetary policy from the Fed, which is planning on raising interest rates several times this […]
Read MoreWeekly Update as of market close January 7, 2022
The Trust Company of Kansas (TCK) today announced that Angela Malley has been named Chief Investment Officer (CIO), effective January 1. After beginning the week on a high note, stocks couldn’t maintain that momentum, ending the week in the red. Following a record close on Monday, the S&P 500 ended the week down 1.9%, the […]
Read MoreThe Trust Company of Kansas Names Angela Malley Chief Investment Officer
January 13, 2022 WICHITA, KS – The Trust Company of Kansas (TCK) today announced that Angela Malley has been named Chief Investment Officer (CIO), effective January 1. As CIO, Malley will be responsible for developing and executing TCK’s investment strategy, including leading the company’s Investment Sub-Committee team with a focus on carefully managing assets for […]
Read MoreThe Fed Pivots to Fight Inflation
On December 15, 2021, the Federal Open Market Committee (FOMC) of the Federal Reserve System made a significant shift in monetary policy in response to rising inflation. The Committee accelerated the reduction of its bond-buying program in order to tighten the money supply and projected three increases in the benchmark federal funds rate in 2022, […]
Read MoreWeekly Update as of market close December 31, 2021
The last week of 2021 saw stocks close generally higher, with only the Nasdaq slipping lower. The Dow ended the week up 1.1%, followed by the S&P 500, the Global Dow, and the Russell 2000. The week between Christmas and New Year’s Day is generally marked by thin trading, and last week was no exception. […]
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