Week Ending 10/13/2023

MARKET RECAP

US stocks etched out a small 0.27% gain on the week despite the aftermath of the Hamas terrorist attacks on Israel.¬†Oil, gold, defensive stocks, and the US dollar increased as beneficiaries of the Hamas terrorist attacks. Some investors are thinking that the Fed pivot on interest rates might be in sight. Several Fed officials said that the big increases in bond yields have tightened financial conditions, in other words, the market may have already done a lot of the Fed’s anticipated future work.

SCOREBOARD