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...
Summing Up The Week The markets recovered this week on the back of reports showing that inflation is weakening across the board from wholesale to consumer prices. Combine these reports with last Friday’s nonfarm payrolls report which showed the economy is...
