June 18, 2021 After last week’s record close, stocks stumbled this week on several market-moving events and key economic reports. The Federal Reserve drove most of the action as it announced it would accelerate its planned interest rate hikes from 2024 to late 2023 due to the pace and robustness of the economic recovery. The…
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June 11th, 2021 Higher consumer prices were no match for Wall Street bulls this week, who managed to push the S&P 500 to a new all-time high of 4,247.44 on Friday. That was the index’s 30th record high of 2021. The record-breaking run continued despite May’s Consumer Price Index (CPI) coming in red hot, rising 5.00%…
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June 4th, 2021 Stocks added to their year-to-date tally this week as the positive reaction to May’s healthy jobs report offset mid-week volatility from the meme stocks. Theater chain, AMC managed to garner substantial attention as bulls coordinated a squeeze on short-sellers. Despite some volatility in pockets, the broader market was focused on the health…
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