Recent economic concerns have caused consumer sentiment to fall, though spending remains healthy. What do these mixed conditions mean for markets and the economy?
Decision Candle on the Front Lines The market entered the week on uncertain footing, then reached an important crossroads following the Federal Reserve announcement. After an initial positive reaction early Wednesday, the S&P 500 reversed lower, tested and kissed intermediate support near 7500, then held the line. The follow-through was notable the next day. Thursday […]
Recent economic concerns have caused consumer sentiment to fall, though spending remains healthy. What do these mixed conditions mean for markets and the economy?
The market entered the shortened Labor Day week with its ranks already stretched near elevated ground. Most days traded on average volume, but the character of that volume leaned defensive. Tuesday registered 77% downside Capital Weighted Volume, Wednesday followed with 85% downside volume, and Thursday remained tilted lower with 61% downside volume. Friday finally delivered […]