Another day, another record? Sort of. The S&P 500 managed to set a new all-time intraday record high as well as an all-time record closing high. Why? Inflation, or the lack thereof. For the month of July, headline PPI printed at +0.0% month over month versus the +0.2% consensus and at +4.7% year over year versus expectations for a +4.9% print. …
Read in context ›Materials Select Sector SPDR Fund (XLB)
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4 mentionsThat’s a Wrap That's a Wrap on a Volatile Week ... And that is that. The bell has rung its last for the day and for the week. Treasuries were stable on Friday, as were equities. The major indexes ended the day mixed, capping off a volatile week fraught with geopoliti…
Read in context ›That's a Wrap Folks Equities had a better-than-decent session after a rocky start. Oracle ( ORCL ) had been hit hard overnight after reporting on Wednesday night and dragged U.S. equity indexes lower overnight. U.S. markets spent the rest o…
Read in context ›MARKET RECON Thursday MARKET RECON: Fed Gets Dovish, Oracle Gets Haircut, What Could Possibly Go Wrong? ( XLB ) ( XLI ) ( XLC ) ( XLU ) ( ORCL ) #MarketRecon $SPX $COMPQ $RUT . Click here for the link: Fed Gets Dovish, Oracle Gets Haircut, Wh…
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