This week markets rebounded a bit with the pending interest rate cut coming next week.

September is living up to its reputation if this week is an indication of how the rest of the month will unfold.

This is such a confusing time of the year for me. It’s 97 degrees out, yet Halloween decorations are on the shelves and pumpkin spice has returned with a vengeance.

The Federal Reserve held its annual retreat in Jackson Hole, Wyoming this week and based on Fed Chair Jerome Powell’s comments and market reaction, investors are expecting a rate cut in September.

What a difference a week makes. Last week we saw a significant recovery after a precipitous Monday where the Dow Jones Industrial Average closed over 1,000 points lower.

Monday saw one of the largest market selloffs in quite some time.

Investors continued to take gains and head for the exits this week as signs of an economic slowdown grow.

Sector rotation continued this week as the Nasdaq moved 2% lower on technology sector weakness, albeit with a bit of a recovery today.

The end of the trading week saw a big decline in the Dow Jones Industrial Average, S&P 500, and the Nasdaq with major selloffs in all three on Thursday and Friday.

The markets headed higher this week as new data on inflation shows prices stabilizing and, in some cases, even falling.