And then the Stock Selloff Starts All Over Again.
Since the Christmas Eve selloff-low, the S&P 500 has risen 13%, including a 5% jump on December 26. But last week, the rally petered out and stocks ended flat. And now it gets complicated, with stock-market bulls hoping and praying for the Fed to “reverse” course to sustain this rally, and with the Fed having other ideas (11 minutes):
But for the markets: “No Data is Good Data, Read… We’re Flying with Eyes Partially Closed into Turbulent Markets & Economy
Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how:
Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here.
Classic Metal Roofing Systems, our sponsor, manufactures beautiful metal shingles:
- A variety of resin-based finishes
- Deep grooves for a high-end natural look
- Maintenance free – will not rust, crack, or rot
- Resists streaking and staining