With more than three-fifths of S&P 500 companies having reported June-quarter results, investor attention is likely to gradually shift elsewhere looking for catalysts. This void likely gets filled by the Fed and the rejuvenated debate around inflation in the weeks … Continued
Prospects for higher short rates are kind of taking a toll on equity indices that until recently were pricing in monetary easing this year. The elevated investor optimism has taken a hit but is nowhere near done in the big … Continued
Post-FOMC statement last Wednesday, equities sold off, but only to recover quickly. Investors have been preconditioned to buy the dips, with repeated success. The difference this time is that prospects for higher rates are real. Federal Reserve Chairman Kevin Warsh … Continued
The major US equity indices have either lost important support or close to doing so. Both large- and small-caps seem to be eyeing the 200-day. Small-cap bulls were unwilling last Friday to pounce on February’s dismal jobs report, rather sold … Continued