REMINDER:
I’ll be live on The Morning Show on @stockmkttv with @JC_ParetsX and @sstrazza TODAY at 9:00 am ET to talk all time highs, draw downs, and my stupid content.
Watch it here:
https://t.co/DanxQWa6x4
@assface_private The market is complete divorced from news. Getting headlines there are ships clashing between US and Iran and it doesnt even move. Just sit it out and refresh.
Most of the Mag7 is over for this earnings season, but don't worry, there are still 107 companies in the North American Tech ETF $IGM reporting earnings this week.
https://t.co/bwtJkNcgeb
$PLTR $AMD $SHOP $LITE $SMCI $COHR $ANET $IONQ $ON $AAOI $MSTR $HUT $APP $FSLY $PINS $SOUN $FN $NET $CIFR $SNAP $DDOG $DOCN $CGNX $TDC $TRIP $WULF $SWKS $SEDG $ACLS $ADEA $AEIS $CRSR $HUBS $LSCC $MCHP $RNG $U $VECO $VERX $WK $RPD $MSI $NSSC $QLYS $MTCH $LFUS $ONTO $IAC $INTA
TRADERS NOW SEE RATE HIKE AS MORE LIKELY THAN RATE CUT THIS YEAR
Wall Street traders now see a slightly higher chance of a Federal Reserve rate hike than a cut this year, following hawkish signals from policymakers.
Interest-rate futures show an 11% chance of a hike, up from 5% earlier Wednesday and zero on Tuesday, while the odds of a rate cut sit around 2%.
Although the Fed kept language suggesting cuts are more likely, three Fed presidents opposed it, and Chair Jerome Powell signaled it could be dropped soon as inflation remains persistent.
@MasterPandaWu I had the exact same thoughts. Still remember NA melting up ignoring all news from China. The Chinese saying won't shed a tear till you see the coffin perfectly encapsulates this.