Equities Due For A Bounce, But Cracks In The System Emerge
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 had a rough week last week in spite of a Friday rally. Overall, most indices were down 1% or greater for the week.
It appears that the fable around inflation being "transitory" has finally caught up to the Fed...and the markets. We could have arrived at that moment when confidence in the Fed has been lost.
Equities sold off on Friday of last week as some headline companies disappointed on 1st quarter earnings.
There are those saying that a recession is imminent and there are those saying that the economy is booming. Both are wrong.
#smile, #conversation
Equities were under pressure late in the week as the multiple Fed governors floated a more aggressive stance toward rate hikes.