Investing Made Simple
💪 Strong green week. Driven by Financials, S&P 500 surged +3% with all sectors rising. Every day was green except Wednesday from Yellen’s debt limit commentary Wednesday reversing gains in power hour. ️🏦 Financial recovery. Recovering from last week’s bloodbath, Financials rallied strong up +5%. 10-year treasury yields rebounded as well up +6%. Plus, banks were boosted Read More
💸 Rate bump in 2023? Fresh Fed commentary－(1) rate hike accelerating with potential double rate bump in 2023 and (2) 2022 bump likelihood increasing with dot plot up to 7 of 18 (up from 4 last month). S&P 500 ended down -2% for the week. 🤷♂️ Transient mindset benefitting Growth. Investors continue largely shaking off #InflationFears viewing high inflation Read More
🤷♂️ Inflation hits 5% in May. Beating last month’s 13-year high of 4.2%, 12-month Consumer Price Index (CPI) growth came in at 5% for May. Surprisingly, investors mostly shrugged off any #InflationFears as 10-year treasury yields also fell -6% over the week. 🤠 Growth rotation. With a transient inflation mindset leading to falling yields, Growth names surged last week Read More
🥳 Growth resurgence fades. End of May Growth party fades in June. S&P 500 almost rose another +1% last week, but on #Flight2Safety Value names. Growth underperformed relative to overall market, but still up. 🇺🇸 Domestic recovery keeps rolling. More #COVIDRecovery momentum with surging demand and travel volume, but also growing pains from supply and labor shortages. ️🎭 AMC’s Wide Ride. New #GameStonk AMC Read More