Tag: US dollar

(13 August 2023) Stocks edged lower last week as renewed inflation concerns boosted bond yields and the dollar.  The S&P 500 ended fractionally lower on the week to 4464 while the Nasdaq-100 lost more than 1% to 15,028.  This bearish outcome was somewhat unexpected as I thought we might have seen more upside from the Sun and Mercury alignments with Jupiter. Markets did not like last week’s inflation data which came in hotter than expected.  Most worrisome were the higher Core CPI and PPI, both of which showed higher monthly...