On Wednesday the popular averages were moving sharply upward into the afternoon, then plopped to close well down after interest rates began rising following the release of the recent FOMC minutes. Those minutes indicated that the FOMC could get more aggressive in raising interest rate targets amid signs of a strong economy and price inflation.
Used home sales slowed a bit in January. Markit’s manufacturing and services outlooks both continue pointing toward growth. Meanwhile the price of crude oil fell while that for gold rose on Wednesday.
Above is my 3-
The strong upward move of the SPY in 2017 with acceleration last month was due for a correction, and it was hit by one in early February. Apparently the expectations of volatility and rising long-
The economy is strong with no signs of a coming recession. However, inflation and interest rates have become concerns. The SPY sharply rebounded from its 200-
Updated following each market day
Tell your friends
© Curt Renz
Stock Market Update
DISCLAIMER: Our commentaries are provided as general information and not investment recommendations. You are responsible for your own investment decisions. Our opinions are based on historical research and data believed to be reliable. There is no guarantee that results will be profitable. We are not responsible for errors or omissions. We may hold positions in vehicles that are mentioned.
You appear to be ad-