Weekly Market Recap - Friday, 25-June
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Description
Overview: US equity markets higher this week, with energy and financials the most notable outperformers. Macro headlines include the infrastucture deal struck yesterday, fedspeak pertaining to inflation and tapering throughout the week and various pieces of economic data. Later in the podcast we discuss corporate movers and leglsialtion being brought forth that could hinder big tech.
Tickers mentioned: TTD, NKE, FNMA, BTAI, RAD, MRNA, PFE,
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Stocks were higher as the S&P 500 and Nasdaq erased early-week declines off of relatively dovish Fed takeaways and an April payrolls report that added some support to the soft landing theme. Wednesday's May FOMC meeting ended with no change to the policy rate as expected, holding at...
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