Easing Inflation Ushers In Breadth Improvement
Breadth improved across the board last week, as markets may have turned a corner following a soft inflation report.
Breadth improved across the board last week, as markets may have turned a corner following a soft inflation report.
Markets were higher last week as the holiday-shortened trading didn't seem to affect investors' appetite for risk.
Not all market sectors were created equal last week and market breadth is becoming more of a concern.
Cooler inflation data and comments from the Fed caused rate cut hopes to improve.
Momentum stocks were back in vogue last week as investors shook off economic data and September rate cut hopes were renewed.
Inflation fears pushed equities lower last week, but inflation data released on Friday seemed to ease investors somewhat.