What’s Next for Your Portfolio After the Fed Meeting, Jobs Report

Plus: Are TIPs a Bargain? Lessons from Big Tech earnings and why supply chains are still an issue. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_smartinvestor&utm_content=40014&elqTrackId=4f832e2ae0d345d188c1b92c52e48484&elq=74faecb76b594976840da746d54e7d1d&elqaid=40014&elqat=1&elqCampaignId=18944) [Smart Investor] Smart Investor [Tom Lauricella, chief markets editor]( Twitter: [@LauricellaTom]( [Tom Lauricella] In this week’s newsletter: - [Why stocks and bonds may be in for more losses.]( - [Think supply chain issues are history? Think again.]( - [Should you buy inflation-protecting bonds now?]( Will it be a pivot or pause? That’s been the big debate in the markets when it comes to Federal Reserve policy and the markets. Turns out the answer is neither. Heading into this week, after the October rally in stocks, the question (yet again, it seems) was whether the Fed would soon be pausing its interest rate hikes, or even pivoting to cutting rates. But Wednesday afternoon Fed Chair Jerome Powell put the kibosh on that talk. As if that wasn’t enough, next up for investors was another stronger-than-expected jobs report. Here’s our take on [what the Fed meeting means you should expect]( on rates, and in turn, [what the jobs report means for the Fed](. Meanwhile, remember supply chain issues? The term you probably never heard of until last year? One of the biggest factors driving inflation higher in the past year has been snarls in the supply chain, and while things are looking better on some fronts, unfortunately the ripples continue to spread around the globe. Jakir Hossain revisits the [state of play for supply chains here](. What does all this mean for your portfolio? We tackle the question from multiple directions this week. We start with third quarter earnings, where Big Tech companies offer some [important clues about the outlook for the economy]( Sandy Ward looks at the [gangbuster performance of energy stocks]( strategist Dave Sekera tells us [where stocks are cheap]( and John Rekenthaler offers his latest, this time on whether Treasury Inflation-Protected Securities – aka TIPs - [are a bargain](. And when you tie it all together? We dive into the outlook for stocks and bonds here: [What’s Next for the Markets After the Fed Meeting?]( [What’s Next for the Markets After the Fed Meeting?]( Rates going higher, for longer, mean the lows may not be in for stocks and bonds. Tom Lauricella [Read More]( Share: [facebook]( [twitter]( [linkedin]( ADVERTISEMENT [media]( [media] Markets and the Economy [Energy Stocks Power Ahead on Earnings Gushers]( [Energy Stocks Power Ahead on Earnings Gushers]( Earnings growth on energy companies is seen topping that on technology stocks. Sandy Ward [With Little Progress on Inflation, the Fed Presses Ahead on Inflation Fight]( [With Little Progress on Inflation, the Fed Presses Ahead on Inflation Fight]( We continue to expect the Fed to pause its rate increases in early 2023. Preston Caldwell [Are TIPS a Bargain?]( [Are TIPS a Bargain?]( They are, but with an asterisk. John Rekenthaler [5 Supply Chain Issues for Investors to Watch]( [5 Supply Chain Issues for Investors to Watch]( Many supply chain issues which fueled inflation have eased, but the ripples continue across the global economy. Jakir Hossain [3 Takeaways From Big Tech Earnings Results]( [3 Takeaways From Big Tech Earnings Results]( Warning signs from Microsoft and Amazon on consumer spending, advertising, and the outlook for cloud computing. Jakir Hossain [Market Rallies Off Lows, but Expect Heightened Volatility to Persist]( [Market Rallies Off Lows, but Expect Heightened Volatility to Persist]( Steel yourself for more instability as economic headwinds and shifting monetary policy may continue to batter markets. David Sekera [12 Lessons on Money and More From Warren Buffett and Charlie Munger ]( [12 Lessons on Money and More From Warren Buffett and Charlie Munger]( Wisdom from two of the world’s most successful investors. Haywood Kelly, CFA Chart of the Week [Big China Stock Bets Continue to Hit Emerging-Markets Funds]( [Big China Stock Bets Continue to Hit Emerging-Markets Funds]( ‘Autocracy risk’ takes its toll on China’s stock market, down more than 50% since February 2021. Lauren Solberg [Read More]( Share: [facebook]( [twitter]( [linkedin]( Popular This Week [Which Popular Funds Will Hit Investors With Losses and Capital Gains Distributions This Year?]( Some Fidelity, T. Rowe Price, and other mutual funds estimate big distributions despite big losses. Stephen Welch [Asset Allocation When You Have Enough]( What you’d like to achieve with any “extra” assets can help you calibrate your portfolio’s equity exposure. Amy C. Arnott [Morningstar 529 Ratings: The Top Plans and What They Offer]( Michigan Education Savings and Utah’s my529 remain at the top; Vanguard age-based plans get a Process downgrade. Patricia Oey [3 Great Specialized Funds]( Sector funds are best used in moderation. Russel Kinnel [Morgan Housel: ‘Little Rules About Big Things’]( The best-selling author on what makes financial paradoxes interesting, why stories are the best way to teach about money, what constitutes financial freedom, and more. Christine Benz, Jeff Ptak [Investing Insights Podcast: What to Buy or Skip: I Bonds, Apple, Amazon, or Meta]( I Bonds’ interest rate has dipped, but are they still worth a look? Meanwhile, Morningstar thinks two Big Tech stocks are cheap. 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