The American Consumer Is The Key
Equities tried to make some progress early in the week, but finished lower overall for the week.
Equities tried to make some progress early in the week, but finished lower overall for the week.
Equities had a rough week last week in spite of a Friday rally. Overall, most indices were down 1% or greater for the week.
Equities sold off on Friday of last week as some headline companies disappointed on 1st quarter earnings.
Equities were under pressure late in the week as the multiple Fed governors floated a more aggressive stance toward rate hikes.
Equities were somewhat mixed last week, as investors rotated away from expensive growth stocks.
Equities took a step back after 3 consecutive weeks of gains. High growth / momentum names took it on the chin last week as rising interest rates caused those stocks to look expensive.