Stocks Wrap Up Worst Quarter Since 2020, Unemployment Rate Goes Down to 3.6%
The market had a sideways week as multiple sources of uncertainty continue to weigh on investors. Despite reasons for uncertainty, bullish sentiment rose dramatically this week. A bumper jobs report was released on Friday which saw the US unemployment rate fall to levels not seen since before the pandemic. President Biden also ordered the largest release in the history of the Strategic Petroleum Reserve. The White House has ordered a release of about 180 million barrels of oil which will bring the emergency reserve to its lowest level since 1984. When politicians start taking cosmetic actions...