Private Equity & Business Update 6-8-22

In this episode Scott discusses:

1. The S&P 500 fell 1.1% yesterday. It’s now down 14% YTD.
2. The Nasdaq fell .7%. It’s now down nearly 24% YTD.
3. The Dow fell .8%.
4. Futures point up this AM.
5. The Fed looks to raise the Fed funds rates again next week at its June 14-15 meetings.
6. New US mortgage apps fell to their lowest level in 22 years as higher rates slow the amount of home sales.
7. The consumer price index reading for May will be released Friday.
8. Oil rose to nearly $124 a barrel.

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