Stock Market Weekly update -Mar 15
The indexes were down for a 3rd week, with the Small-caps and DOW showing the most weakness (note that both stocks and bonds were down last week). Oil spiked for a 2nd week to around $120 before pulling back, as the Iran war continues. CPI was higher, GDP was revised down, while PCE came in above estimates. Long term Interest Rates and the Dollar continued to rise, while Gold pulled back for a 2nd week, and Private credit concerns linger, with Morgan Stanley now in the news. This week we get the Fed meeting on Interest rates. S&P 500 falls to new low for year on Iran oil crisis, posts third-straight losing week The week ahead: PPI, Fed , BOJ interest rates More earnings -MU, FDX, Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - moved up again to 4.28% The Dollar - moved up again to 100.50 Gold - dropped again to $5018 Oil - spiked again to $99.30 Bitcoin - was up, closing around 71k National debt ...