Weekly Commentary | July 16, 2023
Macro Picture
Stocks rebounded this past week and showed strong gains thanks to a lower than expected inflation report. The S&P 500 is now just 6.5% below its all-time high. The Nasdaq is about 13% from an all-time high (it fell much more last year than the S&P).
Interest rates have rolled over in the last few days since the inflation report as invest…
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