First American

Stock Rally Hits a Wall; QQQ Gains in Late Trading: Markets Wrap

“It’s almost like people are trying to project forward toward the end the Fed tightening policy and trying to find a bottom here and a new bull-market rally,” said Jerry Braakman, chief investment officer of First American Trust. “But that’s in light of deteriorating economic statistics and I think that’s a little premature.”

Read more about why a combination of mixed earnings and economic data is making investors hesitant to take on more risk in this Bloomberg article.

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