Dishwasher Decorum
he Commerce Department released Gross Domestic Product (GDP) this week for the first quarter and growth came in at 1.6%, which was lower than most economists had predicted.
he Commerce Department released Gross Domestic Product (GDP) this week for the first quarter and growth came in at 1.6%, which was lower than most economists had predicted.
Both the S&P 500 and the Nasdaq sold off this week as the volatility index rose to its highest level this year.
The equity markets finished lower again this week as sentiment shifted on news that inflation remains a problem for both consumers and the Federal Reserve alike.
It was bound to happen eventually. It appears that the shine is off the markets as investors parsed a bevy of economic data and Fed governor talking points to conclude that interest rate cuts may be delayed further.
Despite downward pressure at the end of this week, the markets were off to the races yet again.
The markets drifted sideways to slightly lower this week on the news that inflation failed to fall in February.
Both the S&P 500 and the Nasdaq hit all-time highs this week before closing down on Friday.
Steady as she goes. The Dow Jones Industrial Average looks to finish the week mostly flat, while both the Nasdaq and the S&P 500 are moving higher with help from tech stocks in their indices.
I am happy to be the bearer of good news. The markets continue to move higher as fear of a recession this year recedes, and acceptance of higher interest rates grows.
The markets look to close the week roughly where it started except for the NASDAQ which will finish down a bit.