July 29th, 2022 Hopes that the Federal Reserve’s tightening campaign will soon come to an end, combined with better-than-expected Q2 earnings reports, lit up markets for the second consecutive week. Bullish sentiment was in strong supply after the Federal Reserve indicated it may slow the pace of tightening now that prices are showing signs of…
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June 17th, 2022 After months of the S&P 500 avoiding a bear market, the dual pressures of broadening inflation and an increasingly hawkish Fed ultimately broke through any remaining bullish resistance. The S&P 500 index officially closed in bear territory on Monday, June 13, closing the trading session at 3,749.63. That put the index -22%…
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June 10th, 2022 The May CPI report shook Wall Street on Friday with the Dow plunging 880 points as hopes were dashed we have reached the peak in inflation. The consumer price index rose 8.60% from a year ago on broad-based gains in prices throughout the economy. This was the index’s highest reading since December 1981….
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