[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks ended mixed last week as investors look forward to next week’s Fed meeting (Tues/Wed) and theon-going drama with Greece. The latest round of incoming economic “data” failed to “impress” whichmeans the Fed will likely not raise rates in the near future. It is important to note that the Fed…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks Fall As Incoming “Data” Is Mixed Stocks fell last week as the incoming “data” remained mixed which does not provide more clarity regarding when the Fed will raise rates. Remember the Fed has a dual mandate: help the economy and keep inflation near its 2% target. Right now, both…
[su_heading style=”modern-2-dark” size=”20″] Market Update: Transports Drag Market Lower[/su_heading] The Dow Jones Industrial Average, the benchmark S&P 500, small-cap Russell 2000, and Nasdaq composite all fell last week but rallied for the month. The latest reading on U.S. Q1 GDP fell 0.7%, beating the government’s estimate for a decline of 0.8%. Economists now believe that…
[su_heading style=”modern-2-dark” size=”20″] Housekeeping [/su_heading] Due to the shortened holiday week, this will be our only intra-week update (unless market conditions worsen significantly). [su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] In a normal (non EASY MONEY addicted environment), we would say the sloppy action we are seeing up here is not healthy and typically will lead to…