Financials Drove The Market In August

(Via BeSpoke Investment Group)
It’s been all about the financials – and they are leading on the downside today as well.

(Via BeSpoke Investment Group)
It’s been all about the financials – and they are leading on the downside today as well.
Goldman Sachs analyst William Tanona this morning downgraded Citigroup (C) to “Sell” and suggested they might have to cut their dividend to raise capital. He also cut his price target on a number of other financial companies including Merrill Lynch,…
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One result of the relentless rise in interest rates – which reversed a bit last week – is that the Fed is now on pause and likely done with its rate hiking campaign. Fed Futures are pricing in a 94%…
“The [consumer price index] is what spurred this rally. We lost a lot of the gains [to record highs] and now we’re getting them back.” – Jim Herrick (subscription required), Head Trader, Robert W. Baird So the Consumer Price Index (CPI)…
I think we’re about one bad day away from a real good buying opportunity. The Nasdaq and S&P both closed below their previous closing lows for the year. Both are also real close to their Jan 22-23 intraday lows. The…
Fed Chair Powell sent interest rates soaring and tanked the stock market Thursday when he continued to press his “higher for longer” narrative at the Economic Club of New York. He doesn’t seem to understand that it’s time to change…