wavered Wednesday ahead of the speech, which could shed light on the path of interest rates. Contracts for the S&P 500 added 0.2%. Dow Jones Industrial Average futures edged up 0.1% and technology-focused Nasdaq-100 futures rose 0.
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Upper circuit 🤔
Boom!
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Fed 'pivot' to lower interest rates will be bullish for stocks. But timing is everything.Of 13 major Fed pivots over the past seven decades, in only five of them did the stock market bottom in advance. Here’s one big reason why the bottom doesn’t always happen before the Fed begins to reduce interest rates. Do you really think Powell’s going to go there? I don’t, I expect him to be hawkish.
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow falls 500 points as stocks hit session lows during final hour of tradingU.S. stocks tumbled to their lowest levels of the session Monday afternoon as commentary from senior Federal Reserve officials added to the market’s woes... 😱 I'm waiting for the stock market to crash so I can buy in.
Source: MarketWatch - 🏆 3. / 97 Read more »