Potential Relief For Markets?
All major equity sectors were higher last week as stocks rallied on Friday.
All major equity sectors were higher last week as stocks rallied on Friday.
Markets are up and down this week as investors try to determine what's next for the economy with multiple pressures playing a game of tug-of-war.
Overall, equities did not react well to the inflation numbers that were released last week.
Too much money poured into the system during & post-COVID and a Fed that didn't take action last year as inflation got out of control - that's pretty much how we arrived in the current situation.
Equities barely held on to gains made early in the week last week. Fed speakers last week doused water on hopes the Fed would pivot soon.
Equities tried to rebound last week, but failed to hold on through Friday’s decline.