The calendar has little important data. Friday’s sharp selling was widely attributed to the fear of a Fed rate hike in September. Is it time?
Should we fear the Fed?Last WeekThere was not much news, and it was another mixed picture.Theme RecapIn my last WTWA,
I predicted a continuing discussion of the Fed and the timing of the first rate increase, combined with concern over a September market correction. The first part was pretty accurate all week, but the market remained quiet. The modest tradi…