The major indexes struggled Friday as Wall Street digested hawkish Federal Reserve rate comments and a slowdown in the housing market.
Home sales dropped almost 6% in July compared to June. Sales were also 20% lower year over year from the same month.
These numbers lead many to believe we’re entering a housing recession.
Meanwhile, activist investor Ryan Cohen’s fund RC Ventures sold its entire position in Bed Bath & Beyond, causing shares of the troubled retailer to tumble 44%.
A Choppy Market refers to a market condition whereby prices swing up and down considerably either in the short term, or for an extended period of time. Choppy market scenarios from day to day are generally a result of efficient market pricing.
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