• 755 days Will The ECB Continue To Hike Rates?
  • 755 days Forbes: Aramco Remains Largest Company In The Middle East
  • 757 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,157 days Could Crypto Overtake Traditional Investment?
  • 1,161 days Americans Still Quitting Jobs At Record Pace
  • 1,163 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,166 days Is The Dollar Too Strong?
  • 1,167 days Big Tech Disappoints Investors on Earnings Calls
  • 1,168 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,169 days China Is Quietly Trying To Distance Itself From Russia
  • 1,170 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,174 days Crypto Investors Won Big In 2021
  • 1,174 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,175 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,177 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,177 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,181 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,181 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,182 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,184 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Last Week's Markets: Helping Assess What Might Be Ahead

Foreword

"Last Week" is an examination of the week that was in the financial markets,in an effort to help assess the prospects for the week(s) that will be.

Summary

The performance of the stock market last week conformed closely to some of the key views expressed in last's weekend's edition. In a word and for theoverall period, the market was -- "lousy!"

The coming week contains a meeting of the Federal Open Market Committee, and it is no secret that micro manipulating the stock market is one of Alan Greenspan's true passions. So there's a great chance the FOMC will try to throw a flagging market a bone in the FOMC's post-meeting statement on Thursday. I wonder, though, if the situation Greenspan and his Fed colleagues have created couldn't become a Humpty Dumpty at some point? Where the cumulative effects of all the machinations of the past finally come home to roost and actually contribute to a blow-up in the stock market? In other words, an ironic displayof the law of unintended consequences at its best.

That's a story for another day. In the meantime, it looks to me like the stock market has already rolled over or is in the immediate process of doing so, and doing so in a serious way. Therefore, while it is unlikely to be a straight-line move to the downside, particularly with a Fed meeting and quarter-end at hand, I suspect the current decline is far from over. Continue to Gillespie Research for the balance of the essay: http://www.gillespieresearch.com/cgi-bin/s/article/id=587

Back to homepage

Leave a comment

Leave a comment