Wall Street Strategies
Hello! Sign in or Register

Afternoon Note

Very Encouraged

By Charles Payne, CEO & Principal Analyst
8/29/2022 1:38 PM

The market opened lower and quickly found terra firma, then it slipped lower after the Dallas Fed report. 

As bad as the numbers were, there were positives, including:

Employment numbers were encouraging as well, but it was the responses that triggered selling:

Dallas Fed respondent: "The Biden administration, Congress and the Federal Reserve are on a negative path for the economy."

Dallas Fed respondent: “We see particular stress in our highest-end products, notably our organic beef sausage, as consumers trade down.”

Even with that second slip, the market found its footing and is holding up pretty well. I'm very encouraged. 

I hope you’ve got that CHARLES PAYNE, CEO plaque on your desk. We’ll earned and we’ll deserved.

Terry Lavis on 8/29/2022 3:37:46 PM

Log In To Add Your Comment

Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.