Meandering Markets: How a Fence-Sitting Federal Reserve Could Undermine the Resilience of U.S. Stocks

In a week of mostly quiet midsummer trading, the major U.S. stock indexes modestly retreated from the previous week’s record highs. Specifically, the S&P 500 – tracked via the C Fund – slipped less than half a percentage point. Taking a high-level perspective of the U.S. market, despite sustaining a midmonth decline, the S&P 500 …

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