Markets pulled back last week after a couple Federal Reserve officials signaled that the Fed may still have to hike rates further to combat persistent inflation – damaging the narrative that the March hike was the final one in the fastest rate hiking cycle in history.
Last week was the best weekly performance for the S&P 500 and the Nasdaq Composite since March. To top it off, the both indexes touched their highest levels in nearly 9 months, even amid debt ceiling negotiations that appear far from resolved.
The chart...
The S&P 500 finally closed above the 4,200 mark last Friday, though the standout performance of NVIDIA – a stock I told you to pay attention to last week – no doubt had something to do with it.
Still, the fact that the market...
Now that the whole debt ceiling drama is (hopefully) behind us, one wonders what the next narrative the financial media is going to latch on to this week.
Will it be back to the most predicted recession of all time? Whether the Fed will...
For those of you a little confused by the change in the format on Monday, here’s how it works.
Every Monday, I talk a little bit about how the market did last week then spotlight three fast-moving stocks with strong momentum that I think...