Tough tightening talk by Jerome Powell and other Federal Reserve officials reversed the week’s gains, sending the S&P down back below a -10% loss since the start of the year.
Technically, both equities and bonds are short-term oversold at these levels.
So, will prices rebound from here?
Or is this a bear market in the making?
Lance and I address these questions and cover a lot of additional territory in this week’s Market Recap.
One thing we’ll be watching closely is whether or not markets hold above the March lows. If they don’t, things could get ugly in a hurry.
