Payne's Perspective: June 20, 2023: Powell Gets Props
6/20/2023
Ball of Confusion or Crystal Clear? There have been back-to-back events that have seen the stock market react in strange ways. The Jobs Report When 339,000 new jobs flashed, the market swooned, but seconds later, it rebounded in premarket trading, and heads began spinning. That headline was significantly above the consensus of 190,000 and seemed to be a sure sign that the Federal Reserve would have to extend its string of rate hikes. To read the full report contact your account representative or email Info@wstreet.com
Charles Payne
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