By: Jeffrey Buchbinder, CFA, Chief Equity Strategist, LPL Financial, Jeffrey Roach, PhD, Chief Economist, LPL Financial, & Lawrence Gillum, CFA, Fixed Income Strategist, LPL Financial
That was quite a week. These days a Federal Reserve (Fed) policy meeting alone gets a lot of headlines and has market participants on the edge of their seats. Add to that the second straight quarter of negative gross domestic product (GDP) growth that exacerbated recession fears, the busiest week of earnings season, and important but sometimes under-the-radar inflation data, and last week was epic for market watchers. Here’s the good news: Markets liked it.
Read the full commentary here: weekly-market-commentary-8.1.2022