Stock Market Updates: Annual Fed Meeting, PCE Data Will Drive Markets in The Week Ahead

1 min read

Economic data in recent weeks has remained resilient, despite experts saying that interest rate hikes and balance sheet reductions from the Federal Reserve will lead to job cuts and lower productivity. The S&P 500 Index has bounced 15% from its June lows, and key technical indicators have boosted market participants’ confidence in recent weeks that a sustained rally could be on the cards. Over the past week, 90% of the S&P 500 stocks trading above their 50-day moving averages. Furthermore, market ‘breadth’ has also improved, with the number of stocks hitting new 52- week highs exceeding the number of new…...

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Alexandru Artenie My name is Alexandru Artenie. I am a long-term investor and book author who truly believes financial freedom is accessible to everybody! I have built several reliable income streams through various portfolios, utilizing strategies such as Smart Beta, Dividend Growth, and Real Estate crowdfunding. With years of experience in investing and personal finance, I have identified vital metrics and methods for selecting stocks and setting up an investment portfolio that I now want to share with beginners and experienced investors through my books and blog articles. I take a practical and straightforward approach to investing. My content does not contain dry theories or fluff; every sentence is easy to understand and packed with valuable insights. I hope you will enjoy my work and it will help you achieve your Dividend Horizon! Successful Investing, Alexandru Artenie