Daily Market Update for 5/4

Jerome Powell gave unexpected but specific guidance on not only today’s interest rate hikes, but also the next two. In addition, the specifics around reducing the balance sheet helped squash the fear that the Fed would move too fast.

Daily Market Update for 4/26

Investors sold off growth stocks ahead of big tech earnings this week, fearing the worst for the outlook on future growth. Microsoft and Google painted different pictures with their earnings reports after the market closed.