Market Peaks and Policy Shifts
Fresh news and strategies for traders. SPY Trader episode #1353. The market experienced a rollercoaster week in late August, reaching record highs midweek before a Friday pullback due to new inflation data. Despite this, August closed with solid monthly gains for major indices. Key drivers included strong GDP revisions and robust earnings from tech, though the sector also saw significant declines on Friday led by Nvidia and Dell. Inflation, particularly core PCE, remains above the Fed's 2% target, yet a September interest rate cut is anticipated amidst signs of a cooling labor market…
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