Planned Solutions

In this episode of the Planned Solutions Incorporated Podcast, The US stock market was unable to resume an upward trend in August as the market stalled out at the 200-day moving average trend line. Now the market is trading between its long-term trendline and the low for the year in mid-June. While these trends offer some indication of the market trends for the remainder of 2022 it is likely that important data such as Federal Reserve policy, economic data, and the upcoming earnings season will have a larger impact. Also, Inflation proved surprisingly persistent in August as declines in fuel prices were offset by increases in energy utilities, new car prices, and services such as shelter, transportation, and medical services. This may be an indication that inflation is shifting from the goods market largely driven by supply chain issues and costs to the services sector where higher wages may be forcing companies to raise prices. And, Individuals who participate in a non-covered pension (a pension that is ea