Market will see bumps in the short-term despite rate cuts: Analyst

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 49 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Jerome Powell Nachrichten

Bret Kenwell,Market Landscape,Federal Reserve

US equities (^GSPC, ^DJI, ^IXIC) rose after Federal Reserve Chair Jerome Powell signaled that an interest rate cut is probable for September, sending further...

eToro US investment analyst Bret Kenwell joins Wealth! to give insight into the broader market landscape as optimism for an interest rate cut increases.Kenwell believes the market long-term may be steady, but short-term could see some bumps in the road:"I think it would be reasonable if we saw some sort of mild pullback or a pause in the equity markets based on the idea that we came into August really abruptly. We had a big pop in volatility.

I mean, is there, um, as we've continued to try and figure out what a fed cut rate or fed rate cut policy, playbook looks like for investments. Um You know, we that's sort of the biggest concern at this point moving forward we do have clarity from the FED, you know, which, which came from, which came today, which I think is a good thing.But, uh, when it comes to the long term, you know, the foundations for this bull market are still in place, you know, the earnings growth from the S and P continues to come in strong.

You know, I think it would be reasonable if we saw some sort, sort of uh you know, mild pullback or a pause in the equity markets based on the idea that we, we came into August really abruptly. So I think, and even tech, you know, tech kind of gets lumped into the mega cap names, which are probably a little less rate sensitive due to, you know, their, basically their immense cash flows and their strong balance sheets.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 47. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

S&P 500 on track for best week of 2024, consumer sentiment rises: Yahoo FinanceUS equities (^GSPC, ^DJI, ^IXIC) are on the rise following better-than-expected consumer sentiment data, with the S&P 500 (^GSPC) up nearly 4% for the week, ...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Market will 'continue to churn' until the election: Ed YardeniThe markets (^DJI,^GSPC, ^IXIC) experienced volatility this week as the S&P 500 (^GSPC) is seeing its fourth straight weekly loss. Yardeni Research President...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stocks tick lower as tech sector leads rallies: Market openThe major market averages (^DJI, ^IXIC, ^GSPC) opened Friday's trading session below their flatlines as tech stocks lead the market rally in the Nasdaq...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Crypto market, stocks plunge on broadening sell-offAs stock market indexes tumble on Monday (^DJI, ^IXIC, ^GSPC), the cryptocurrency market is sinking in response. Bitcoin (BTC-USD) prices have plummeted over...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Expect more choppy action from Big Tech stocks: AnalystEquity markets (^DJI, ^IXIC, ^GSPC) are rebounding, with the technology sector (XLK) at the forefront. CFRA Research Senior Equity Analyst Angelo Zino joins ...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »