FYI: • While economic growth appears to be improving around the margins, some inflation readings are moving higher, which could complicate the outlook for Fed policy.
• Stocks have been quite resilient in the face of risks. We think downside risks to prices may be limited, but at the same time, we don’t see signs of a significant breakout to the upside.
.U.S. stocks broke their three-week winning streak, as the S&P 500 Index fell 0.5%.1 The Federal Reserve was the main focus of last week’s markets. The central bank enacted a 25-basis-point rate cut and stepped into the short-term funding market to ease strains through a series of liquidity injections. For the week, REITs, utilities and energy stocks outperformed, while communication services, financials and industrials lagged.
Regards,
Ted
https://www.fa-mag.com/news/stocks-falter--but-remain-broadly-resilient-51822.html?print
