Written by: Angela Akers It was a bit of an interesting week for investors. The biggest news, and that which affected investors’ risk appetite the most, was anticipation of our fearless Federal Reserve Chairman Jerome Powell’s Jackson Hole speech. That speech took place this morning, and, as he has done in previous years, Chair [...]
Written by: Angela Akers A softer core Producer Price Index reading sparked a rally Tuesday, but an expected reading on Consumer Prices didn’t have the same, desired effect Wednesday and prices closed only modestly higher. Better-than-expected Retail Sales soothed investors’ fears on Thursday, and they began buying again. After several weeks of red and [...]
Written by: Angela Akers Talk of a recession resurfaced late last week following some downtrodden economic data and Friday’s sell-off continued Monday. As I’m sure you’re all aware, the rest of this week has been a rollercoaster ride. Just 7 trading days into August, the Major Indices have lost an average of 3.8% and [...]
Written by: Angela Akers The Federal Reserve ended their July meeting Wednesday with an announcement that interest rates would remain at current levels. While this move was expected, what investors really wanted to know was when/if and how many cuts we could see this year and the Fed delivered. In the news conference following [...]
