Month: February 2023

2/8/23 Powell Power

News: Sure, the President spoke, but the Fed Chair rocked the market. While speaking at the Economic Club in D.C., Powell said The Fed expects “significant declines in inflation” in 2023. And while the market went a wild ride, it ended sharply higher. Sector Round Up The bullish push was NOT all-consuming. Despite the strong …

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2/6/23 Bad Jobs

News: Markets plummeted at the open on Friday after the January job’s report came in hot. The economy added 517,000 new jobs, far above estimates of 187,000. Strength in the labor market could help The Fed keep interest rates high for longer. At least, that’s what the market figures. Markets climbed in the morning session …

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