Market Commentaries

14 Jul

From “Oh, No!” to “FOMO”

July 14th, 2023 Encouraging inflation figures this week helped bulls brush off last week’s hotter than expected ADP jobs report. June’s CPI report showed overall inflation declined to 3.00% year-over-year, moving it closer to the Fed’s target level and potentially alleviating some pressure on future interest rate hikes. Investors also received positive news on the earnings…

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07 Jul

Stocks Fall on Dueling Job Market Reports

July 7th, 2023 Stocks slipped during a 4th of July shortened trading week. Jobs were this week’s focus, where the strength of Thursday’s ADP jobs report jolted markets on concerns the Fed will be forced to be more aggressive in order to tame hiring demand and cool economic growth. Of particular concern was the fact…

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16 Jun

Bulls’ Rally Stalls on Fedspeak

June 23rd, 2023 After posting five straight winning weeks, bulls opted to take some gains off the table in a holiday-shortened trading week. A light week in economic news left investors to focus on Federal Reserve Chairman Jerome Powell’s semi-annual testimony to Congress. Aside from fielding questions on the Fed’s fight against inflation, Powell was…

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