Solis Wealth Economic Update – September 6, 2022
The overhang of Fed Chair Powell’s Jackson Hole speech the previous week carried over into last week as investors recalibrated stock valuations amid a seemingly more assertive monetary policy stance.
The overhang of Fed Chair Powell’s Jackson Hole speech the previous week carried over into last week as investors recalibrated stock valuations amid a seemingly more assertive monetary policy stance.
A comprehensive sell-off on Friday following comments by Fed Chair Jerome Powell drove stocks to losses for the week.
Stocks tumbled on Friday, sending stocks to a weekly loss after an otherwise quiet August week of trading.
An improving inflation outlook buoyed investors’ spirits last week, helping lift stocks to solid gains.
Stocks turned in a mixed performance last week as investors struggled with headlines suggesting that the Fed was unlikely to soon ease up on its current monetary tightening policy.
Undaunted by another Fed rate hike and news of a contracting economy, the stock market rallied last week on better-than-expected corporate earnings.
Stocks rallied last week as investor spirits lifted thanks to a better-than-expected start to the second-quarter earnings season.
A record-high inflation report, the prospects of a more aggressive Fed, and growing recession fears sent stocks lower– though a Friday rally pared losses.
In a holiday-shortened trading week, stocks rallied despite mixed economic data and vacillating energy prices and bond yields.
Stocks turned lower as a quiet news week offered investors little fresh visibility into the market overhangs of economic slowdown and inflation.
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