Summing Up The Week With the Federal Reserve meeting next week on June 13-14, the members are in a required “communications blackout,” so this week’s price action was muted, being driven by relatively unremarkable stories such as OPEC+ upholding its...
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...
Summing Up The Week Despite reports which came throughout the week showing inflation may be easing and the Federal Reserve Bank’s actions may be taking the desired effect, the looming deadline of the debt ceiling has sat in the market’s driver’s seat...
