Tag: S&P 500

(14 April 2024)  Stocks sold off last week as a hot CPI inflation number undermined hopes for rate cuts amid renewed war fears in the Middle East.  The S&P 500 fell by 1.5% to 5123 while the Nasdaq-100 finished at 18,003.  This bearish outcome was in line with expectations as I thought the Mars-Saturn-Rahu alignment would likely coincide with some selling. The rally seems to have hit a speed bump.  Last week’s rise in inflation surprised many traders and may have postponed rate cuts for the foreseeable future.  Fed governors...