ClearWater Market Commentary as of June 16th, 2023
Favorable inflation and growth signals appeared to help stocks continue a rally that began with only a few interruptions in late May.
Favorable inflation and growth signals appeared to help stocks continue a rally that began with only a few interruptions in late May.
Stocks closed modestly higher in a week of relatively subdued trading ahead of the Federal Reserve’s policy meeting and rate announcement on the following Wednesday.
The major benchmarks ended with solid gains for the week, with the S&P 500 Index touching its highest intraday level since mid-August 2022.
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ClearWater Market Commentary as of June 23rd, 2023
The major benchmarks closed lower in a holiday-shortened trading week. The Nasdaq Composite suffered its first weekly decline in two months, while the S&P 500 Index recorded its first drop in six weeks.