• Thu. Oct 5th, 2023

Week On Wall Street: One Market, One Word, ‘Technology’ (NYSEARCA:SPY)


Jun 10, 2023
Week On Wall Street: One Market, One Word, ‘Technology’ (NYSEARCA:SPY)

AI robot process automation RPA Document management system DMS for company digital transformation paperless workflow, security cloud digital technology. futuristic 3D robot


“The investor’s chief problem, and his worst enemy, is likely to be himself. In the end, how your investments behave is much less important than how you behave.”Benjamin Graham

The Macro View

“Sell in May and Go Away” is a popular adage referring to the perceived seasonal weakness in the stock market between Memorial Day and Labor Day. Depending on what areas of the market you are concentrating on that adage has held. However, other areas of this Jekyll and Hyde equity scene have been anything but a “sell-and-go away” event.

“Continued strength in the labor market and early signs of improvement in the business surveys suggest that the risk of a near-term slump has diminished notably,”

Airline Security (www.tsa.gov/travel/security-screening)

The point is that the calculation of whether interest rates are “too high” or not depends upon exactly what interest rate one is using, and the inflation measure one chooses. The only fair way to make that evaluation is to look at several measures. There is no magic answer. The best one can do is get a general sense of where interest rates are today versus where they should be. Our conclusion? The funds rate and other market rates still need to rise by 0.75% or so to have a reasonable chance of slowing the economy enough that the inflation rate will return more quickly to its 2.0% target.”

US Services (www.pmi.spglobal.com/Public/Release/PressReleases)

Global PMI (www.pmi.spglobal.com/Public/Release/PressReleases)

UK PMI (www.pmi.spglobal.com/Public/Release/PressReleases)

Eurozone PMI (www.pmi.spglobal.com/Public/Release/PressReleases)


Euro Composite PMI (www.pmi.spglobal.com/Public/Release/PressReleases)

China PMI (www.pmi.spglobal.com/Public/Release/PressReleases)

India PMI (www.pmi.spglobal.com/Public/Release/PressReleases)

Japan PMI (www.pmi.spglobal.com/Public/Release/PressReleases)

Aesean PMI (www.pmi.spglobal.com/Public/Release/PressReleases)

S&P 500 (WWW.tc2000.com)

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