Summing Up The Week Even though there were only 3-1/2 trading days this week thanks to the Independence Day holiday, significant news releases really moved the markets, particularly later in the week. A hotter-than-expected jobs report indicates that the economy is...
Summing Up The Week The unbelievable rally taking place all year in the S&P 500 and the NASDAQ, in particular, took a breather this week with stocks pulling back. Many analysts blamed Fed Chair Jerome Powell’s testimony before Congress. However, I think this...
Summing Up The Week Inflation reports showed that disinflation is taking place – a good sign for the Federal Reserve’s fight against inflation – and, on Wednesday, while the Fed announced the pause the market was expecting, Chair Jerome Powell...
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 A deluge of market-moving news both on the bullish and bearish side really made this week volatile. The week kicked off with a bank failure and a warning the debt ceiling is closer than previously thought. Then, the Fed raised rates and came out...
