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Oil Prices Jump After the Attack on Israel

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The attack on Israel flared up long-standing tensions in the region, causing oil prices to jump. Some market analysts said prices could rise as high as $150 per barrel, but the initial shocks only sent prices back into the $90 range.

Optimism Returned Across the Equity Market

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This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.

All Eyes on the FOMC

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The Major Markets navigated a tumultuous week last week with mixed results. The Nasdaq was the standout performer as it added 4.41 percent followed distantly by the S&P 500 which managed to add 1.43 percent. The remaining three indices ended negative as the world once again became fixated on a banking crisis. The fall of … Continued

What a Weekend for the Banks

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This past weekend, the FDIC took control of Silicon Valley Bank (SVB)[1] and Signature Bank[2]. Larson has no assets held with either of these institutions, and there is no direct impact to Larson from these bank failures or the FDIC’s actions. Situations like these can be confusing, but our professional experience and understanding of banking … Continued

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