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Stephen Guilfoyle in his Market Recon column checks out Thursday's glimmer of hope in equities, the upbeat move in small- and mid-cap stocks, the latest GDP outlook, the serious tone of Fed Chairman Powell, the box the U.S. economy finds itself in, and Elon Musk putting his Twitter deal on hold....XLC
The Consumer Price Index inflation rate slowed at 8.3 percent. The 10-Year note is at 3.01, moving back above 3 percent.
The US may very well escape recession this year, putting it off until early next year. Other global economies may not be so lucky....XLE
Stephen Guilfoyle in his Market Recon column checks out Thursday's index road kill, says the S&P 500 still has a pulse, examines the slaughter across all SPDR sectors, places his bets on CEOs of his fave companies, explores yield curve movements and notes the dismal charts of Shopify and Peloton....XLY
Market Recon: 3 Key Fed Takeaways, the Rally, Deciphering Price Discovery, Less Than Convinced...BDX