Here We Go Again
It's been said that history doesn't repeat itself, but it often rhymes.
It's been said that history doesn't repeat itself, but it often rhymes.
Markets have held up reasonably well in light of the inflationary data this week, but have still followed some seasonality patterns.
Markets have had a strong week and while led by technology stocks, overall breadth did improve.
There's a lot of worry about recent stock market action and renewed fears of a recession happening this year.
As we enter the final days of summer, I'm reminded of that time of the year when vacations and relaxation ends as the beginning of school and busy fall schedules begins.
The economic data was positive overall this week and the markets seem to have taken the Fed rate hike in stride.