Market Performance & Sentiment - The market absorbed negative news well and continued to rally, which was impressive and surprising [2][3] - Managed care was likely the most hated group in the entire market, and healthcare in general is out of favor [4][5] - A sentiment shift in healthcare is possible, but it remains to be seen if it continues [5] Geopolitics - The market continues to shrug off geopolitics [6] - A wholesale ceasefire is unlikely, and a partial ceasefire is possible [7] - Aggressive secondary sanctions on China, large buyers of Russian oil, would be a real big negative, but are unlikely [8][9] Federal Reserve & Economic Outlook - Powell's speech will be most important next week [9][10] - The Fed is at a critical and difficult time [10] - July's jobs report was disappointing, while inflation numbers point to upside pressure [10] - Powell will likely sound dovish acknowledging the jobs report, but also acknowledge inflation numbers, indicating an uncertain outlook [11] - A rate cut in September is likely, but what happens beyond that is uncertain [11]
'Surprised' stocks moved higher despite bad economic news this week: Vital Knowledge's Crisafulli
CNBC Televisionยท2025-08-15 21:15