July 21st, 2023 Like a Texas heatwave, the Dow Jones Industrial Average continued its hot streak this week. The index has now risen for 10 consecutive days – its best daily winning streak since 2017. Better than expected Q2 earnings and resilience in consumer spending helped push the Dow higher. Although we’re still early in…
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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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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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