Recession Fears Push Markets Lower
Equities finished lower as recession fears begin to rise.
Equities Bounce As Corporations Buy Back
For the first time in four weeks, equities finished higher in a short 4-day trading week.
Federal Reserve Sends Mixed Messages
Despite two positive trading days last week, equities responded to rising inflation and a Fed rate hike with another down week.
Economic Data Worsens
Bond yields adjusted higher last week in anticipation of a rate hike by the Fed this week.
Economic Growth Continues To Slow
In a shorter-than-normal week, the biggest piece of news out of the economic data was the Federal Reserve’s Beige Book.
Soft Landing By The Fed Looks Unlikely
Markets are experiencing a relief rally as sellers have ruled the day for the past 7 weeks. Equities have been over-sold for quite some time, but the fundamentals at this point do not support a lengthy move higher.