Market is resetting 'back to reality' on data: Strategist

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Michael Kantrowitz News

Market Domination,Jobless Claims,Piper Sandler

Stocks (^DJI, ^IXIC, ^GSPC) are under pressure Thursday afternoon as new manufacturing and jobless claims data failed to meet investor expectations. Piper...

failed to meet investor expectations. Piper Sandler chief investment strategist Michael Kantrowitz joins Market Domination to share his economic outlook.

I don't know if you heard that uh you know, we were talking here just about that narrative, Michael, you know, bad economic news was good news for a while because it meant a rate cut was coming.Uh uh Bad news is certainly bad news today and we got a lot of it between claims rising, the ism declining remaining in contraction territory seeing the employment data set uh at 43 which is I think the lowest of uh since COVID.

That's not a good sign PM is, are not responding positively and uh consumer confidence is not responding positively.Andy Murray has played his last competitive tennis match following a heart-breaking loss to the United States at the OlympicsAttorney Jeffrey Clark, a senior U.S.

Simone Biles dazzled once again while winning the gold in women’s all-around gymnastics at the Paris Olympics, becoming the oldest woman to accomplish the feat since 1952. The 27-year-old Biles nailed her floor exercise to edge Brazil's Rebeca Andrade by 1.199 points in one of the tightest victories of her decorated career. “I’ve never had an athlete this close,” Biles said.

 

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