Is The Bottom In? Markets Have Positive Week After PCE

Good Evening:

Markets broke an 8-week losing streak. The beginning of the week was tough, and not much has changed regarding the many risks facing markets other than inflation appears to be cooling. Despite this much-needed relief, let’s also remember that Chairman Powell said, “This is not a time for tremendously nuanced readings of inflation. We need to see inflation coming down in a convincing way. Until we do, we’ll keep going.” Inflation is still at multi-decade highs. Our Head ...

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