Despite the added uncertainty created by Federal Reserve Chair Jay Powell when it comes to the interest rate hiking cycle, stocks were able to mount an aggressive come back on Friday. The S&P 500 returned just under 2.5% on Friday to bring its weekly gain to slightly under 1%. For the week ahead, Let’s keep an eye on how stocks react to these data releases.
Are we at the point where good reports are bad news and bad reports are good news? We say this because with all eyes on the Fed and rates hikes, markets will try to determine the Fed’s most probable path based on the data.
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