The new date is Jun 24, 2022.
The stock market rebounded strongly on Friday, posting its first positive week of the month, as recession fears subsided and some experts expressed optimism about the health of the economy.
One analyst says that Wall Street is starting to believe that the economy won't go into a recession.
The S&P 500 jumped over 3% and the tech-laden Nasdaq gained over 3% on Friday, snapping a three week losing streak.
Markets got a boost after the latest consumer sentiment survey from the University of Michigan showed that inflation expectations eased slightly in June, rising 5.3% compared to a year ago
The president of the Federal Reserve said that recession fears are overblown and consumer spending is strong.
Financials got a boost after the Federal Reserve found that the largest U.S. banks are well-capitalized.
Carnival jumped more than 10% after the company said booking volumes had nearly doubled since last quarter, while Norwegian Cruise Line and Royal Caribbean Cruises both rose.
The S&P 500 will rebound significantly by the end of 2022, according to a recent note from a strategist.
Edward Moya, senior market analyst at Oanda, says that investors are buying heavily discounted stocks because of the hope that inflation is peaking. He says that though this could still be a bear market rally, that might change.
The stock market rebounded off the lows of the bear market. The S&P 500 was up 5% since last week, while the rest of the market was up. Markets have been hit hard this year due to rising rates and inflation. Last week, the Fed raised interest rates by 75 basis points, and Powell said on Wednesday that the central bank is committed to hiking rates until inflation moderates.
As commodity prices sink from their highs, powerful disinflationary forces are gathering steam. He predicts that a major inflation inflection point is imminent.
Powell says that there is compelling evidence that inflation is slowing.
The stock market fell after Powell pledged more big rate hikes to combat inflation.
Warren Buffet is buying after oil prices go down.
How to invest during a recession is a topic discussed by experts.
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