As stocks look to cap a winning month and enter a seasonally weak period for investors, Raymond James highlighted one big risk to the market performance for the rest of the year, in a note to investors over the weekend.
Wall Street is coming off of a winning week after the latest blast of earnings showed stronger-than-expected performance from the likes of Meta and Alphabet .
"It's clear that core inflation is coming down fast with the Fed funds rate 2-3% above these figures," said Raymond James equity strategist Tavis McCourt.
Commodity prices were mixed last week.
Silver declined about 1.5% for its worst week since June 23, while copper gained 2.8%.
Persons:
Raymond James, Tavis McCourt, Silver, Michael Bloom, Chris Hayes