Some Weakness After Back-to-Back Weeks of Gains
The Major Markets closed mostly higher last week, although there was some weakness after a number of back-to-back weeks of gains.
The Major Markets closed mostly higher last week, although there was some weakness after a number of back-to-back weeks of gains.
The Major Markets saw new life last week after two weeks of losses. For the S&P 500, this marked the largest gains in 51 weeks.
The losses mounted last month as all five indices ended lower for September. The nearly five percent loss in the S&P 500 locked in the greatest monthly loss for the year.
The July CPI results came in at expectation with an increase of 0.2 percent for the month while the year-over-year number for the headline result was slightly favorable with a 3.2 percent result compared to the 3.3 percent expected.
This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.
This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.
This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.
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