Mr. Powell goes to Washington In a week of high anticipation, US Federal Reserve (Fed) Chair Jerome Powell took center stage in Congress, providing crucial updates on the future of rate cuts. During his Senate testimony on Tuesday, Powell expressed optimism as inflation approached the Fed’s 2% target, signaling potential for future rate cuts. He […]
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Weekly Update for the week ending May 24, 2024
In a week marked by light economic news, Nvidia (NASD: NVDA) dominated the headlines. Investors were eager to see if Nvidia could meet sky-high expectations and whether the artificial intelligence (AI) fueled rally would keep rolling. Nvidia not only met but surpassed expectations, reaffirming its dominance in the AI market. The company delivered an exceptional […]
Weekly Update for the week ending August 4, 2023
tems that may only interest or educate me ….
Canadian Economic news, US employment news, US credit rating surprise … topic n,
Over the last 30 years, August and September have been the worst two months for the markets, according to Bloomberg News. Will August be a reality check after the bullish June and July or more room for the bulls to run? Based on this past week, so far it seems to be a reality check. Let us hope this week was just a pothole on the upward path the markets have been on for the last few months.