Manley Market Memo

The first leg of the bear market ended in mid-June, and the eight-week 18.9% bear market rally is over. We believe stocks are poised to decline as the economy

The bear market accelerated in June as the Fed aggressively raised interest rates to fight inflation, which is at a forty-year high. The S&P 500 declined by 8.4

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

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