We’re in the midst of the first full trading week following the Fourth of July holiday, and there’s a lot going on in the markets — earnings, inflation data, COVID-19 starting back up again…
It feels like every time the stock market takes three steps forward, we have a day like Monday where we get pushed two steps back.
Just take a look at a chart of the 20+ Year Treasury Bond Ishares ETF (TLT) over the past four to six weeks.
For the past 30 days, we’ve been in a sideways consolidation phase. We’re not making new lows, but we’re not breaking out to the upside either.
Of course, we know you’re not so much concerned with what’s been happening in the market, as with what we expect to happen.
And the question on everyone’s mind, and the first topic of today’s chat — Is inflation peaking, and if it's not, are we on a crash-course with a recession?
It’s no secret that 2022 hasn’t been good for the stock market, but even more so for the Nasdaq. In fact, even after last week’s 5.4% rally, the Nasdaq is down about 26% year to date. That’s a big, BIG number…
Ever since the S&P 500 fell into bear market territory — a 20% drop from a recent all-time high — earlier this week, everyone’s been asking Senior Strategist Roger Scott where the bottom is.
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