Market Notes for 2/27-3/3
Recap of last week: Last week, we called for a red week ahead with the market looking similar to the consolidation back in December, but in reverse. Both predictions turned out to be true, as the market broke down from the range and lost some significant supports along the way. Many investors assumed that the Federal Reserve would pause rate hiking given the decreasing inflation numbers in recent months, However, in January, inflation spiked to new multi-month highs, causing funds to rerate the market and have more of a risk off outlook.
Economic Calendar/Important Earnings for the week:
Monday
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