Wall Street's behavior today seems interesting. I mean, I'm curious about the cause of the strong pullback today. FOMC's rate hike decision is not due until late second half of September but perhaps speculation around Federal Reserve chairman's speech on this coming Friday, GDP data due on Thursday and some few remaining important earnings this week might have all played a role in all three major indices finishing in deep red today. Response to earnings will also be interesting as we progress through the week. In any case, I think one needs to remain cautious in current market conditions.
On the SPOT blog (08/22/2022) [A..]
Updated: Aug 30, 2022