Nasdaq Posts Fifth Straight Week of Gains
Feb 3, 2023
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Good evening:
“Our core holdings are the same as last year. We own shares of the best businesses in the world. Our attitude is that of a museum director: We only want to own masterpieces.” - François Rochon
Investors digested a lot this week between the FOMC meeting, big-tech earnings, and surprising jobs data. Plus, Adam Gould, Head of Quantitative Strategy, revealed his 2023 Quantitative Strategy Outlook, including his S&P 500 price target.
The FOMC on Wednesday raised rates by 25 bps, as expected. In the post-meeting press conference, Fed Chair Jerome Powell buoyed ...