Barker on the Market, The Fed & Wal-Mart
May 12, 2005—Mike Barker, Investment & Retirement Management evaluates the events effecting Wall Street over the past two weeks including the meeting of the Federal Reserve Open Market committee and the market's reaction to the omission in the Fed's message signaling their 0.25% rate hike. Barker also looks at the recent drop in oil prices, the positive 1st quarter earnings news and yesterday’s monthly sales numbers from Wal-Mart answering the question: Is Wal-Mart a good bellwether for country’s retail sector?