February 24th, 2023 It was a dreary week for markets as investors were no longer able to ignore the growing evidence of inflationary pressures reemerging within the economy. Significant economic releases were back-end loaded, but trading throughout the week’s holiday-shortened sessions managed to foretell what those reports would show. Jobless claims, consumer spending, new home…
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February 10, 2023 Bull Stocks recorded their worst weekly performance for 2023 as investors finally took the time to digest last week’s blowout nonfarm payrolls report and as Fed Chairman Jerome Powell and other Fed speakers continued to make the case for maintaining a restrictive posture despite signs of slowing inflation and weakening demand. In…
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February 3rd, 2023 Bullishness remained on full display this week – just as it has been for most of 2023. The S&P 500 capped January by rising 6.18% – its best January performance in four years. The momentum carried into February’s early trading with investors cheering corporate cost cuts and stock buybacks. January’s buyback announcements…
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