6/28/2022 What’s on Watch
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 6/28/2022 Towne Wealth Management BLOG:
What’son Watch
The past three trading days from 6/22 through 6/24 was just a bear market rally, says CNBC 6/24/2022. According to the article, there will probably be some near-term upward follow-ups but a bear market is still in place as a result of rising recession risks and downward earnings revisions. Although consumer sentiment hit a low of 50 in June according to a University of Michigan survey, the survey also showed that consumers are expecting the 12-month inflation rate to ease back to 5.3%. In other words, sentiment is mixed…and mixed this last three weeks have been.
But for now, it seems,
‘recession risks and downward earnings revisions ….’
are What’s on Watch.
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.