Broad Market Dips even as Breadth Improves
The week began on a calm note, but volatility picked up as earnings releases and the FOMC meeting took center stage, overshadowing geopolitical developments. While markets were essentially flat on a weekly basis, intraday volatility increased as investors digested earnings results. President Trump proposed Kevin Warsh as Federal Reserve Chair.
The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.