Recap of Last Week's Trading - Friday 12/1/2023
RiverTree opened three positions during the past week, which included selling two puts and one covered call. These trades are listed on the Trade Log page.
Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium on August 25, 2023:
Powell's speech was widely interpreted as a signal that the FOMC is prepared to take aggressive action to combat inflation, even if it means causing some economic pain. The speech initially sent stock prices down and bond yields up, as investors priced in the likelihood of higher interest rates in the coming months. At the close of the trading session, the DJIA and S&P ended higher
It remains to be seen how successful the FOMC will be in bringing inflation under control without causing a recession. However, Powell's speech made it clear that the central bank is willing to do whatever it takes to achieve its price stability mandate.
Recap of Last Week's Stock Market Trading - Friday 8/18/2023
The Dow Jones Industrial Average closed at 34500.66.
The S&P 500 closed at 4,369.71
The Nasdaq Composite Index closed at 13,644.85.
The CBOE VIX closed at 17.30
Key factors that could affect the stock market:
Recap of Last Week's Stock Market Trading - Friday 8/11/2023
The stock market had a negative week, with all three major indexes ending the week lower. The decline was driven by concerns about inflation, which remained elevated, and the potential for a recession, as the Federal Reserve continues to raise interest rates in an effort to cool the economy.
Here are some of the key events that took place in the US stock market last week:
Recap of Last Week's Stock Market Trading - Friday 8/5/2023
The stock market had a negative week, with all three major indexes ending the week lower. The decline was driven by concerns about inflation, which remained elevated, and the potential for a recession, as the Federal Reserve continues to raise interest rates in an effort to cool the economy.