Posts Tagged 'S&P 500'

While the folks at the Fed convened their annual symposium in late August at Jackson Lake Lodge in the Wyoming wilderness fishing for answers on the economy and its next policy moves Jeff retreated to the woods and beaches in Ogunquit, Maine. He did not come across any bears on the morning hikes along the Ogunquit River, but the level of tourist activity there was suspiciously slow.

Maine’s popular southern coast is not dead, but the crowds were smaller, wait times ...

We believe inflation, war, recession fears, aggressive Fed rate hikes, persistent supply chain issues, layoffs, earnings misses, and lingering pandemic issues drove the market into official bear market territory last month. Driven by hopes of a soft landing, a resilient labor market, pockets of positive economic and corporate results, and some rather seriously oversold conditions in big name tech and growth stocks the market has rallied smartly off the June lows.

At the end of July DJIA was up 9.9% from ...