According to some traders, it seems like July has brought an early Christmas for the market. The Nasdaq is displaying notable gains, and the Dow closed higher for 13 straight sessions through 26th, July. Moreover, corporate earnings continue to pour in, especially from various tech companies on the horizon. This influx of earnings might be seen as a big test for the ongoing tech-stock rally.
In this edition of the Monthly Journal, we will dive deep into the c...

MACRO
Fed Officials Back Another Big Interest Rate Increase in July
The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy. Fed Governor Waller believes increases are necessary if the institution is to meet its duties, and the market's expectations, as an inflation fighter. St. Louis Fed President James Bullard also says the best...

Jerome H. Powell, the Federal Reserve chair, said on Monday that the Fed could make big interest rate increases and push rates to relatively high levels in its quest to cool off demand and temper inflation, which is running at its fastest pace in 40 years. 
His comments were the clearest statement yet that the central bank was ready to forcefully attack rapid price increases to make sure that they do not become a permanent feature of ...