Tag: Fed

(14 May 2023) US stocks edged lower on the week as deteriorating consumer sentiment and elevated inflation expectations outweighed the relatively benign CPI report.  The S&P 500 lost just 12 points on the week to 4124 while the Nasdaq-100 actually finished modestly higher at 13,340.  The Russell 2000 and the Dow also ended lower on the week.  This bearish outcome was broadly in keeping with expectations, even if the decline was smaller than I had hoped. Nonetheless, the pullback provided some evidence of the impact of the ongoing Mercury-Rahu-Saturn...