Certified Investment Management Analyst and Asset Strategy’s Director of Research, Rosario “Sal” Salamone discusses S&P 500, Fed Chair, Employment report, Interest rates.
*Intro Jingle: Jeremy Marsan and link to https://jeremymarsan.com/* Disclaimer: Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Advisory services offered through Asset Strategy Advisors, LLC (ASA), an SEC-registered investment adviser. Insurance services offered through Asset Strategy Financial Group, Inc. (ASFG). CIS, ASA, and ASFG are separate companies, all of whom are independent of Anchor, Google Podcast, Spotify, & iTunes.
The S&P 500 is currently in its worst losing streak since in close to 7 months as the market seems to be concerned about elevated inflation and slowing growth. These concerns gained traction following the disappointing jobs report for August coupled with the continued supply bottlenecks and supply chain disruptions causing inflation pressures to remain elevated as seen in Friday’s producer price index reading.
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