retest

Fed heroics or no, the S&P 500 level is destined for a retest of lows. These are the levels to watch, says this strategist

Fed heroics or no, the S&P 500 level is destined for a retest of lows. These are the levels to watch, says this strategist

In the words of the great Bonnie Tyler: “He’s gotta be sure, and it’s gotta be soon, and he’s gotta be larger than life.” The hero this market is holding out for is Fed Chair Jerome Powell, and he’s talking Friday, so that’s soon. Whether he’s sure remains the question. “Speculation is running so hot …

Fed heroics or no, the S&P 500 level is destined for a retest of lows. These are the levels to watch, says this strategist Read More »

Stocks retest the lows with investors facing an aggressive Fed, consumers in combustible mood

Stocks retest the lows with investors facing an aggressive Fed, consumers in combustible mood

Lily Tomlin might have been talking about today’s stock market when she said, “No matter how cynical you become, it’s impossible to keep up.” Wall Street for months has been working to take a dimmer view of the future, brace for uncomfortably corrosive inflation and dampen its optimism on economy. Yet so far these efforts …

Stocks retest the lows with investors facing an aggressive Fed, consumers in combustible mood Read More »