Tag: FOMC

(4 June 2023)  Stocks pushed higher last week following the debt ceiling deal and Friday’s strong NFP jobs report.  The S&P 500 gained almost 2% on the week to 4282 while the Nasdaq-100 finished at 14,546.  This bullish outcome was quite unexpected as I thought we might have seen deeper midweek selling around the Mars-Saturn alignment.  While Wednesday was lower after Tuesday’s lackluster close, buyers stepped in once again on Thursday and took the indexes higher which coincided with the bullish late week Venus-Neptune alignment. While the resolution of the...