News Snapshot:
Major US stock indexes had a mixed week as investors rotated portfolios away from growth stocks into value stocks following the renomination of US Federal Reserve Chair Jerome Powell ahead of Fed Governor Lael Brainard. Lacking a strong lead from Wall Street, the ASX200 continued to rotate around the 7400 area, still about 3 per cent below all-time highs. Here is a review of the top five things that affected the markets this week. 1. Federal Reserve Chair The renomination of Federal Reserve Chair Jerome Powell was not without event. The market believes Fed Chair Powell will begin raising rates...
