Stocks meet fewer cuts

S&P 500 could only move sideways thanks to hot GDP, and the heavy buying into the close was equally decisively reversed. Tech had gone nowhere, not even industrials – just financials on still 61% Jun cut odds rose, but the overall sectoral perspective was a defensive, risk-off one. The pause button is hitting the rally, and even before the core PCE data, Bitcoin was pointing lower.

So, we have expanding and not slowing down economy, Powell walking a tight rope in election year, the Treasury running sizable deficits outside of a recession, very much loose financial conditions, accommodative global liquidity and the great debate being not whether there would be more rate hikes in response to inflation developments, but whether the rate cutting cycle starts in Jun really for sure , and whether there would be 3 or only 2 rate cuts this year – all amid still soft landing...

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These 5 stocks are beating the S&P 500 — and analysts expect them to rise even furtherCNBC Pro screened the S&P 500 and the Vanguard FTSE All-World ex-US ETF for stocks that are beating the market so far this year — and that analysts love.
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 Sets Another Record—And These Stocks Hit All-Time HighsI'm a New Jersey-based Senior Reporter on our news desk. I graduated in 2021 from Duke University, where I majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper. Send tips at dsaulforbes.com.
Source: Forbes - 🏆 394. / 53 Read more »

3 High-Potential S&P 500 Healthcare Stocks Offering 30%+ UpsideStocks Analysis by Investing.com (David Wagner) covering: Gilead Sciences Inc, Cardinal Health Inc, Cigna Corp, Bristol-Myers Squibb Company. Read Investing.com (David Wagner)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »