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- Big glitch, mixed marketsThe big news come Friday wasn’t a tech-bubble burst or election campaign scene. It was a software update glitch that took down everything from airlines to credit card companies…as well as the US markets!
- Not “if” but “when!”Post July 4th holiday celebrations, a couple things became clearer: 1. The economy is slowing; and 2. Fed Chair Powell intonated when interest rates may decrease.
- All quiet on the stock market frontIt was a quiet week on the stock market market front ahead of July 4th. It was also a quiet week for economic reporting, leaving Nvidia performance—down >2% last week but up 149% year-to-date—as the main market catalyst.
- Is it just me, or did the market slow?Although all three of the major US stock market indices produced slight gains last week and the S&P 500 breached a new high, it felt as though market momentum slowed!
- The interest rate cuts are coming! Or are they?Like Paul Revere’s famous warning, “The British are coming!,” many economists have been proclaiming, “The interest rate cuts are coming!” The US stock market certainly thinks so as both the S&P 500 and Nasdaq indices hit fresh highs again last week.
- What comes first — economic or stock market performance?Is the stock market fueling the economy or vice versa? The May unemployment rate rose slightly to 4%, the highest level in 2 years. Yet the jobs market and overall economy seem to be holding steady. And check out stock market performance!