Investors reassessed and markets bounced.
Last week, major U.S. stock indices moved higher for the first time in weeks. The Dow Jones Industrial Average gained 6.2 percent, the Standard & Poor’s 500 Index was up 6.6 percent, and the Nasdaq Composite rose 6.9 percent, reported Ben Levisohn of Barron’s.
The change in investor attitude may have been influenced by a variety of factors, including:
“The rally…extended on Wednesday when the Federal Reserve, while acknowledging that it will lift interest rates further in the next couple of meetings, implied that it may slow down the pace of rate hikes if the economy continues to slow down,” reported Jack Denton and Jacob Sonenshine of Barron’s.
While last week’s U.S. stock market rally was appreciated, markets are likely to remain volatile for some time.
WHAT DID YOU SAY? Idioms are phrases that don’t mean what they say. For example, imagine you hear a person say, “That’s a piece of cake!” The odds are you won’t look around for a slice of German Chocolate because you know they don’t mean it literally. They’re using an idiom to indicate that a task is easy.
There are lots of money and financial idioms. See what you know about financial phrases by taking this brief quiz.
1. When you need a rough estimate of cost, you might ask for:
a. The bottom line
b. Hush Money
c. A ballpark figure
d. Two cents
2. From a financial perspective, which is better?
a. To break the bank
b. To take a bath
c. To go Dutch
d. To have a cash cow
3. This idiom originated when American Joe Gans was competing for the championship in his sport. His mom told him to “bring home the bacon.” He won the 1906 event and received $6,000 in prize money. What sport was it?
d. Speed Skating
4. In Italy, when someone is stingy or cheap, they say that the person:
a. Has short arms
b. Is sitting in salt
c. Has holes in their hands
d. Pares cheese
What money idioms do you use frequently?
Weekly Focus – Think About It
“It's not about what it is, it's about what it can become.”
--Dr. Seuss, The Lorax
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https://www.barrons.com/articles/the-stock-market-finally-had-a-winning-week-why-it-might-not-last-51653696540?refsec=the-trader&mod=topics_the-trader (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2022/05-31-22_Barrons_The%20Stock%20Market%20Finally%20Had%20a%20Winning%20Week_1.pdf) https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_052722.pdf