Rate Hikes And Recession Fears Drag On Markets
Despite the lack of Fed speakers, markets pulled back on rate hike and recession fears.
Despite the lack of Fed speakers, markets pulled back on rate hike and recession fears.
Markets waivered during the week, but ended positive on Powell’s dovish comments.
Every equity sector was higher last week as the market responded to dovish comments in the November FOMC minutes.
Equity markets were mixed last week as momentum stocks moved lower and defensive stocks generally held up.
Markets struggled through Wednesday until Thursday’s CPI report surprised nearly everyone.
The markets got a bit of a shock last week as Fed Chairman Powell doused market hopes for a rate slowdown.