7/25/2023 Rumblings of Market Direction
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 7/25/2023: Towne Wealth Management BLOG:
Rumblings of Market Direction
In the near term, more than 500 companies worldwide with a combined $27 trillion in value are about to report results, while disappointing data from both the US and Europe are now adding to the speculation that the Fed is close to halting their hiking cycles, says Bloomberg 7/24/2023. Further, while the Dow rose for an 11th straight session, the Nasdaq 100 underperformed ahead of earnings from the giant tech companies, suggesting that the stakes are high for the heavyweight tech sector where seven companies dominated the upward surge. Interestingly, in this environment, current rumblings among pundits about 'the small cap and industrial sectors'...have started to gain momentum.
So, the Question?
‘Will… the upcoming Fed movement on interest rates
combined with the,
always entertaining, follow-up comments by Fed Chair Powell,
move the market needle
this hot and informative mid-summer month of July….
And tailor a direction…for the markets???
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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.
The opinions expressed in this material do not necessarily reflect the views of LPL.