Weekly Market Insights: 9-30-21 - Stocks Lackluster Despite Positive Outlook
Stocks prices were whipsawed last week, dragged initially lower by financial contagion worries and later lifted by a supportive Fed policy statement.
Stocks prices were whipsawed last week, dragged initially lower by financial contagion worries and later lifted by a supportive Fed policy statement.
It is difficult to say whether this is a beginning of a correction or just another head fake.
There are several political and monetary moving parts that we are paying close attention to now.
At the moment, Wall Street seems preoccupied with the Covid Variants (Alpha, Beta, Gamma & Delta) as well as the slowing of the economic recovery.
Federal Reserve Chairman Powell dovish speech at the Jackson Hole Symposium last Friday has sparked a continuation of the stock market rally.
For every day this market reaches a new high, the future gets more difficult, so at this point, we are hoping we will see some kind of correction...
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