![]() It’s a huge week with earnings season kicking off and the inflation data will be crucial once again.” But we still have a very tight labor market and strong wage growth that’s complicating investors’ hopes for a Fed pivot. “Sentiment is the worst it’s ever been, so we were ripe for a pop. “It’s a very bewildering time right now for investors, even more so than this whole year,” said Thomas Martin, senior portfolio manager at Globalt Investments. ![]() In fact, a further acceleration in prices could amp up the urgency to extend jumbo-sized rate hikes beyond this year. Traders are most closely watching the consumer price figures that are due Thursday because it will be key to determining if the Federal Reserve moves ahead with another 75 basis-point rate increase at its next meeting in early November. Where the market goes from here likely lies in a batch of economic data that will arrive over the next couple of days. ![]() But the way Friday ended, it’s hard to feel optimistic. The S&P 500 and Nasdaq 100 indexes are both coming off their best weeks in a month. ![]() (Bloomberg) - It’s hard to blame any stock-market investor for being confused right now. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |