On May 18, Hedge Fund Melvin Capital announced that it was closing operations after losing billions following the meme stock saga and recent market slump, Reuters reported. Explore: 7 Best Side Gigs.
The stock market seems to keep finding new reasons to fall deeper into the red. Click here to read about two Sleep Well At Night (SWAN) dividend stocks.
A "not 75” outcome was supposed to signify a dovish Fed, thus the buy trigger. But nothing else in Powell’s comments or the post-meeting press release suggested the Fed is dovish. Or is it?