It’s a market cliche that a “Goldilocks” economy is good for stocks. Over the past 18 months an economy regularly defying pessimistic expectations swept away any prognosticators worried it would be “too cold.”
The JOLTS report prompted an uptick in Fed fund futures pricing in a half-percentage-point rate cut at the Federal Reserve’s meeting this month. Between the anticipation of monetary stimulus and the fact that stocks tumbled on Tuesday, the equity reaction was muted.
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Nvidia earnings, CrowdStrike, retail stock reactions: Morning BriefToday on the Morning Brief, hosts Brad Smith and Alexandra Canal dive into the biggest market headlines ahead of the opening bell. The spotlight is on Nvidia...
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Labor market revisions hit those watching labor revisions hardest: Morning BriefData from the US government published Wednesday offered new insight into why those in the tech world are so downbeat about the job market right now.
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Meme stocks are surging again, which may be good news for the risk rally: Morning BriefAs stocks recover from losses this month, a familiar feature of the post-pandemic market has reappeared.
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