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The S&P 500 closed 0.82% higher last week as it reacted positively to moderating 10-year Treasury and average 30-year mortgage rates. Fed Chair Powell further allayed concerns about rising interest rates. After reaching 16-year and 20-year highs early last week,...
The S&P 500 closed 2% lower last week and is more than 5% lower since the end of July, even as next 12-months earnings per share expectations have continued to rise to $236 from $225 in March. What happened? Higher interest rates. Nearly 80% of S&P 500...
The big news last week was the July CPI report showing core CPI inflation of only 0.16% (month over month) for the second month in a row, and a three-month annualized rate of 3.1% -- a near two-year low. The three-month annualized core CPI inflation rate quite likely...
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