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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January 27th, 2023 Stocks rebounded sharply this week even as earnings season continued to be lackluster. In what has truly become a “bad news is good news” mindset, markets rallied on hopes that the weakening trend in earnings, layoffs, and data will encourage the Fed to pivot to a more accommodative posture when they meet…
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