Stocks Snap Four-Day Skid Despite Hot CPI, Attention Turns to the FOMC
US equities see broad gains led by megacaps despite markets locking in a September rate hike with at least two more priced over the next year.
US equities see broad gains led by megacaps despite markets locking in a September rate hike with at least two more priced over the next year.
As we finish out the summer, what we really need is a whoosh lower to clean out the weak hands and set the market up for another leg higher. But can we get it?
Let’s dig in to the sentiment, options, and momentum indicators.
It’s a choppy market that can slice, dice, and chop your portfolio. Here’s what I’m paying attention to.