June 10th, 2022 The May CPI report shook Wall Street on Friday with the Dow plunging 880 points as hopes were dashed we have reached the peak in inflation. The consumer price index rose 8.60% from a year ago on broad-based gains in prices throughout the economy. This was the index’s highest reading since December 1981….
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June 3rd, 2022 Optimism fizzled during the week’s shortened trading session. Bulls had initially sought to build momentum on last week’s positive shift in sentiment over the health of the U.S. consumer, but a better-than-expected jobs report and healthy ISM Manufacturing and Services reports brought the Fed’s rate path back into focus. The strength of…
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May 20th, 2022 Markets posted their eighth consecutive negative return this week, making this the longest losing streak for the S&P 500 and NASDAQ since 2001 and since 1932 for the Dow Jones Industrial Average. Bulls and bears spent the week skirmishing around the -20% decline mark (from previous highs), which would signify an official…
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