MARKETS
The Federal Reserve will no longer need to raise interest rates as aggressively as most government reports indicate little to no financial surprises.
Indexes continue to recover supported by “on forecast” pricing, jobs and housing statistics
The S&P 500 was up 9% last month while Nasdaq has climbed more than 20% from its lows of the year in mid-June. Fed minutes from July introduced nothing new except possibly banter for newsy headlines.
Down market day with Trader’s closing out strong weekly positions
Wall Street stocks are lower on Friday, with U.S. Treasury yields and the dollar rising.
Look for relief next week as there is no real bad Fed news to hold back the markets!
