Messy.
After having risen for 14 of the last 15 weeks, the S&P 500 fell a smidge last week. It basically went on a wild ride to nowhere, driven mostly by messy economic data. There were two signals that inflation isn’t dying as quickly as markets (and the Federal Reserve) would like and there was also a sign that the prolific American consumer may finally be starting to close their wallet a little, all of which combined to hurt stocks, causing one index to have its worst day in years. Yet somehow the week also managed to contain more new all-time highs for Large Cap U.S. stocks.
Markets started out…
The skinny
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