Summing Up The Week Between higher retail sales and a 10-year nearly hitting 5% early in the week, the markets were already reeling, and this was before the Powell smackdown on Thursday when Federal Reserve Chairman Jerome Powell came out extremely hawkish where many...
Summing Up The Week September and October are notorious for being the worst two months for the year, and, despite many bullish analysts claiming it wouldn’t happen this year, I had a feeling we’d see a selloff simply due to systematic selling. Why is that?...
Summing Up The Week Until the debt ceiling agreement is passed, the stock market continues to hang on the every word of Congress. With progress being made and the deadline of June 5, however, this could be the last week the debt ceiling holds so much sway on the stock...
Summing Up The Week The debt ceiling debate drove a lot of the price action this week, finally. I say “finally” because many analysts had anticipated the approaching debt ceiling deadline to cause a selloff in stocks, but it never happened. The markets...
Summing Up The Week This week was all about the U.S. consumer and the debt ceiling debate. Home Depot (HD) kicked off the week with a complete earnings miss and a terrifying view of the consumer and Target (TGT) warned consumers were pulling back. However, Walmart...
