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Payne's Perspective: July 17, 2023: Small-Caps Stand Tall(er)

By Charles Payne CEO & Principal Analyst

All major equity indices were higher in the week, with the NASDAQ Composite leading the way. International stocks rocketed as the U.S. Dollar (DXY) broke vital support points. There was increased chatter of China pushing out yet another stimulus program.

And the so-called ‘Fear Index’ continues to exhibit extreme calm or extreme complacency, which is supposed to be a sell signal.

Bond yields began to retreat early in the week, although yield curve inversions remain intact. Inflation feels more under control than ever since the crisis started. And yet, there is still a long way to go to get to reasonable levels that aren’t swallowing paychecks and household budgets.

The question is whether the pace of inflation is easing fast enough to keep the Federal Reserve at bay.

To read the full report contact your account representative or email Info@wstreet.com 

Charles Payne
Wall Street Strategies


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