On the SPOT blog (06/24/2022) [C..]
Updated: Aug 31, 2022
Great finish on Wall Street today [I mean, considering that green close for the week is a unique event in last dozen weeks]. Perhaps this was because some data indicated that consumer sentiment fell in June, economic growth seemed to be slowing a bit and this week also saw some commodity prices falling. This might be the cause of optimism for Federal Reserve's fight against inflation while achieving "soft landing". Charts seem to show that markets were not "confused" today and the rally was pretty much consistent all day. That appears to be a good sign. Let's see what happens next week.
Want to read more?
Subscribe to www.gammathworks.com to keep reading this exclusive post.