Weekly Roundup: Peace Deal, Warsh Arrives, and the Portfolio Moves Ahead
We closed three positions, began a new one, and added to two others. Plus, we look ahead to the potentially most impactful earnings report next week.
Because of the market holiday on Friday, June 19, the trading week was a compressed one, but it was a busy one on several fronts. The U.S. and Iran inked a peace deal memorandum of understanding, fueling additional declines in energy prices this week and prospects for the worst in renewed inflation pressures to be behind us. Fed Chair Kevin Warsh made his debut, shaking up expectations for how much the Fed will say, but the latest Statement of Economic Projections reaffirmed market expectations for a potential rate hike this year.