U.S. markets traded in negative territory throughout much of Friday’s session while closing with slight losses and hovering in another tight trading range. The late day strength was an encouraging sign as the Dow and S&P made a trip into positive territory with all of the major indexes holding near-term support levels into the weekend. The major indexes also posted back-to-back weekly...
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Recession panic was overblown, and the Fed may not be as dovish as you thinkThe Federal Reserve got a lot of attention today for putting out a statement changing its previous promise that it would be “patient’’ before cutting interest rates — even as it declined to cut rates now. Whoopee!, social media cried, in a reaction I may exaggerate slightly. They’re gonna cut and cut and cut!And...
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U.S. markets traded in negative territory throughout much of Friday’s session while closing with slight losses and hovering in another tight trading range. The late day strength was an encouraging sign as the Dow and S&P made a trip into positive territory with all of the major indexes holding near-term support levels into the weekend. The major indexes also posted back-to-back weekly...
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