Over the past week, the market has started to struggle again with worries about a hawkish Fed. Bonds are down for the sixth straight day, and there are concerns that inflationary pressures are starting to have an economic bite. Stocks enjoyed a very robust rally off the mid-March lows and are still in decent shape technically, but the Nasdaq, Nasdaq 100 , and Russell 2000 ETF are back under their 200-day simple moving average. Money has been rotating into precious metals, financials, energy, commodities, and defensive sectors. Read More...
Over the past week, the market has started to struggle again with worries about a hawkish Fed. Bonds are down for the sixth straight day, and there are concerns that inflationary pressures are starting to have an economic bite. Stocks enjoyed a very robust rally off the mid-March lows and are still in decent shape technically, but the Nasdaq, Nasdaq 100 , and Russell 2000 ETF are back under their 200-day simple moving average. Money has been rotating into precious metals, financials, energy, commodities, and defensive sectors.
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