No Need To Worry, Yet
There's a lot of worry about recent stock market action and renewed fears of a recession happening this year.
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.
The Fed is either confused or they are sowing confusion.
Equities are having a good run as the 2nd quarter of 2023 comes to a conclusion.
Last week it was all about Powell's "hawkish pause." This week, it's about the market taking a pause.