Stocks Fade Late On Hawkish Fed Tone; Lululemon, Costco, CrowdStrike In Focus
Interest rates could stay higher for longer.
September 20, 202312m 7s
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Sellers came into the market after the Federal Reserve, as expected, left the federal funds rate unchanged. The Nasdaq composite marked its fourth distribution day in 10 trading sessions. Lululemon moved back into a buy zone; Costco is near the top of a shallow base and CrowdStrike continues to hold gains well after gapping up on earnings.
Learn more about your ad choices. Visit megaphone.fm/adchoices