Federal Reserve Chair Jerome Powell is speaking at the European Central Bank Forum on Central Banking in Sintra, Portugal on Tuesday, stating the US Fed has"made quite a bit of progress" on tamping inflation down to its 2% target."Essentially there's a there's a double-edged sword when it comes to these yields.
I mean, looking at the S and P since they started, uh, hiking rates in 2022 the S and P is still up 26% since then.We're seeing the, uh, the dollar sort of, uh, off its highs of the day after this panel discussion began. Well, it's so interesting about the yields because we saw this dramatic spike yesterday after it looked like we were relaxing a little bit in terms of the yields.A lot of it people think had to do with the debate and the idea that if we do get some kind of Republican sweep, we can continue to see higher debt, which is interesting because people think that the Democrats are all about the higher debt, but really, it's both parties if you want to be realistic about it.
But there is not necessarily a guarantee of that happening in the future and you have trimmed that broader exposure to the rest of the tech names. But as far as the overall exposure of the market, we also have exposure to what some of the result of all of this tech is.And that's also what we're seeing here.
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