With summer unofficially starting this past weekend, election season is heating up. Every election always seems to be more important than any other, which leads to a wide range of emotions. Our role at SEM is not to sway anyone's opinions or worse, to guess what the outcome of the
Last week the S&P 500 hit another all-time high with the Dow closing the week above 40,000 for the first time. The catalyst for the move was a "better than expected" CPI inflation reading. The "surprise".........
CPI increased by 0.3%.
The expectation was......
0.4%
0.
The stock market continues to impress. Nothing seems to be able to stop it. This is bringing a false sense of security that the Federal Reserve is all-knowing and will not allow the economy or the stock market to ever falter again. Ignoring the Fed's inflation fight in 2022 the
Jerome Powell is a wizard. He has continuously been wrong yet whenever he says something the market (temporarily) believes he has the ability to predict our economic future. At the last Fed meeting in April, Chair Powell said the Fed was 'not far' from the first rate cut. At the
The Wall Street cheerleaders who have been urging the Fed to cut interest rates because of the increasing financial stress apparently did not get the memo from consumers based on the current spending data, which accelerated in March following a 'slowdown' in February. March consumer spending was up 5.9%
