Market shake up is good for opportunistic buying: Strategist

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Wells Fargo Investment Institute President Darrell Noticias

Premarket Trading

US equities (^GSPC, ^DJI, ^IXIC) are trading a bit lower in premarket trading on Friday after a small relief rally on Thursday which followed turbulence in...

) are trading a bit lower in premarket trading on Friday after a small relief rally on Thursday which followed turbulence in the market earlier in the week. With so much volatility, will markets finally settle or is there more at play? If so, how should investors manage their portfolios?

I mean, the investors are on a hairpin right here on a hairpin, but it still seems like they're identifying where there might be buying oportunities as referenced or as evidence through our conversation with the Robin Hood, Ceo of Vlad Tenev who said on their platform, they saw some very strategic positions being entered into by their traders right now.

How dependent is all this on the fed cutting in September and how much does it really matter if they cut by 25 versus 50?Because I think they're actually behind the curve a little bit here.I mean, earlier this week, we were pricing in 100.That's 5 to 6 rate cuts this year, which would mean 50 in September, 50 in November and at least 25 in December.

So it's a great question, Brad, because the consumer is the linchpin here to whether we soft land, hard land, no land, whatever scenario you wanna say, good news, bad news, good news is, you know, Q two earnings season is winding down revenue growing 5% earnings growing about 11%.Not, no, not such good news, right?

I think, I think you've got to test and retest um and consolidate here for a while and probably need some more downside.You came to a different office on a Friday.The 50 Best States To Start a Business in 2025 Prime Video today released the official key art and trailer for the upcoming four-part docuseries The Tragically Hip: No Dress Rehearsal, an intimate and unvarnished look at the extraordinary 40-year journey of Canada's most beloved rock bands. Directed by Mike Downie, the four-part series chronicles the triumphs, trials and deep bonds of brotherhood that defined The Tragically Hip's rise from basement shows to arena rock legends.

 

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