These Times, They Are a Changin...
We continue to see fallout from the events that led to the rapid decline of FTX.
We continue to see fallout from the events that led to the rapid decline of FTX.
Volatility returned this week with some wild swings in the markets.
The week started off strong but weakened as it went on.
What a week, huh? All it took was an election and a CPI report to cause the markets to shoot higher.
With the most recent report showing inflation increasing at an annualized rate of 8.20% through September.
The magic continued this week as all three major U.S. averages closed higher.
I am happy to announce that the Federal Reserve may be thinking about thinking about (not a typo) future interest rate hikes beyond the early November meeting.
The latest inflation report came out on Thursday showing an annualized rate of 8.20%.
There are times when the economy is growing and investors look at each company individually to determine whether that company is a good investment.
The markets look to finish the week lower as fears regarding the economy continue to drive both sentiment and near-term activity.