The market is mostly in a holding pattern to start the week
The market is mostly in a holding pattern to start the week: Tom Essaye Quoted in Barron’s
Nasdaq Snaps 2-Day Losing Streak
“The market is mostly in a holding pattern to start the week,” Sevens Report Research’s Tom Essaye told Barron’s in a phone interview. “The big numbers come on Thursday, with all these inflation updates.
It is not just in the U.S. with core PCE, but also in Europe. Depending on what happens there will dictate whether or not this market can grind higher.”
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