Payne's Perspective: September 5, 2023: Doesn't Have to be Hell's Bells

9/5/2023
By Charles Payne, CEO & Principal Analyst

It seems like a long time ago, but Fed Chair Jay Powell spoke at Jackson Hole, Wyoming, only six trading sessions ago. When he finished, the ‘experts’ concluded he was hawkish and poised to continue to wield his mighty rate hiking hammer. With that, last week, the stock market was supposed to be hammered.

It wasn’t.

Moreover, the sectors that typically suffer the most from rate hikes continue to lead the parade.

To read full repod thert contact your account representative or email Info@wstreet.com.

Charles Payne
Wall Street Strategies

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