On the SPOT blog (08/19/2022) [E..]
- Salyl Bhagwat
- Aug 19, 2022
- 3 min read
Updated: Aug 30, 2022
All three major US indices finished the day and week in red thereby breaking their multi-week winning streak. Perhaps this was just profit-taking or a result of some major options Friday or some effect of comments made by one of the Fed officials about their readiness to continue raising interest rates [I think this was in the context of their pursuit of controlling inflation].
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