Sparrow Capital Management is a registered investment advisor based in Missouri. Gerry Sparrow, an investment professional with more than 20 years of investment management experience, is our President and Founder. He selects stock investments using a proprietary matrix of fundamental, quantitative and technical factors.
The two economic reports on Tuesday—job openings and the prices-paid index among service companies—raised fresh inflation concerns.
When Fed Chair Powell laid out a strategy to cut short-term interest rates, but did not say “when” or “how much”, the financial markets helped him fill in the blanks to both questions.
Investors responded favorably to Fed Chair Powell's much anticipated speech about rate cuts. The remaining question being how significant a rate cut might be.
Last week’s market rally saw assists from two places: economic data and constructive Fed comments. Three critical economic data points gave investors what they were looking for: wholesale inflation, consumer prices, and retail sales.