Friday, July 28, 2023

Market Snapshot: Potential Problems For the Fed (& Mkts) the Second Half of the Year (video)

Per the possibility I mentioned in this morning’s commentary (recorded last evening), PCE inflation data came in soft this morning; supporting equity prices. The bulls need this one to hold — a repeat of yesterday’s fail would be near-term dicey. My guess is it will (hold), but we’ll see. 

Once playing, click the icon in the lower right corner for full screen. Focus should occur after a few seconds; if not, click the wheel to the left of the YouTube icon to adjust: 

Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

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