The first leg of the bear market ended in mid-June. We believe the current bear market rally should end shortly, and declining earnings expectations and recession fears will drive the market lower.
...Investor Resources
We believe in educating, and providing high quality resources to everyone understand the financial markets, make sound investment decisions, and most importantly work towards a comfortable retirement.
Follow us on: Substack | Seeking Alpha | LinkedIn
The Manley Macro Memo
Market Memo July 2022
Market Memo June 2022
The stock market decline continued in May, and the S&P 500 “officially” entered a bear market on May 20th by falling more than 20% from its January all-time high. In mid-June, stocks and bonds fell sharply as inflation spiked to 8.6%, and the Fed surprised financial markets by increasing interest rates by 0.75% (the largest increase since 1994) at it’s June 15th meeting. Previously, Chair Powell stated, “a 75 basis point increase is not something the committee is actively considering.”
...Market Memo May 2022
• After a difficult Q1, the selloff in the financial markets accelerated in April because of the extended war in Ukraine, the supply chain issues related to the lockdowns in China, and the Fed’s “promise” to raise interest rates quickly to curb inflation. Additionally, stocks suffered in April as disappointing earnings from Netflix and Amazon indicated that surging inflation could be hurting consumers.
...Market Memo April 2022
• Financial markets declined sharply during the first quarter of 2022 because of soaring inflation, the Fed’s hawkish pivot, and Russia’s invasion of Ukraine. While stocks had their first quarterly loss since the pandemic bear market
...Manley Market Memo March 2022
Stocks fell to a nine-month low as Russia invaded Ukraine, and investors worried about inflation, which surged to the highest level since January 1982. Since its January 4th all-time high, the S&P 500 declined by 14.6%, while the NASDAQ 100 and Russell 2000 fell by more than 20% peak to trough. We still believe that stocks offer a poor risk-reward and are in a bear market.
...Manley Market Memo February 2022
In January, the S&P 500 had its worst month since the pandemic crash of March 2020 because inflation surged to a forty-year high, and the Federal Reserve announced they were prepared to tighten monetary policy more aggressively if inflation persists. We believe we are on the cusp of a bear market.
...Are You On Track to Retire Well?
Take five minutes to find out if you’re prepared for retirement
and how you can get there with our free Retirement Readiness Calculator.
How to Get Started

Request an Investing for Retirement Strategy Session
If you would like to retire well, click below to schedule an Investing for Retriement Strategy Session -- no cost, no obligation

Meet with our team
Tell us your situation -- your objectives, needs, and concerns. We listen -- no sales pitches!

Get your personalized strategy
We analyze your situation, create a personalized investment plan and we work with you to implement it.
Recommended Reading
Below are white papers published by other authors, but ones that we respect and feel that investors should read.
Subscribe to our:
The Manley Macro Memo