Afternoon Note
The street is waiting to see which Jay Powell will be showing up today. Over the past two years, he has taken the persona of several former Fed chairs. He would never admit to being Arthur Burs, though.
Wall Street wants a combination of Powell & Bernanke, but the economy might need more Volcker.
The problem is government spending, we saw it in today's construction data and JOLTs report.
It’s pushing out the private sector and stoking inflation.
Six sectors are holding gains with Communication Services showing relative strength thanks to top components Meta Platforms (META) and Alphabet (GOOG).
Investors are waiting to hear what tone Fed Powell will adopt today at 2.30pm ET.
Comments |
Why does the Fed need 400+ PHD's if they are data dependent, and will raise/lower rates just based on the data? Three people could do that (break the tie). Owen Griffith on 5/1/2024 2:54:09 PM |
Tweet |
10/17/2024 1:26 PM | Tech Boost |
10/17/2024 10:03 AM | HERE’S A SONG THAT WE’RE SINGING… |
10/16/2024 1:31 PM | Small Cap Outperforms |
10/16/2024 9:55 AM | CHIPS FALL |
10/15/2024 3:48 PM | The MoneyShow Orlando, October 17-19, 2024 |
10/15/2024 1:32 PM | ASML Weighs on Chip Stocks |
10/15/2024 9:51 AM | TECH NOT READY TO FADE |
10/14/2024 1:32 PM | Entering Earnings Season |
10/14/2024 9:52 AM | STARTING THE WEEK ON A NEW HIGH |
10/11/2024 1:55 PM | New Highs |
10/11/2024 9:53 AM | DOESN’T FEEL LIKE A RAGING BULL |
10/10/2024 1:41 PM | Anti-Climactic Day |
10/10/2024 9:31 AM | MELT UP WITHOUT HEAT |
10/9/2024 1:18 PM | An Apprehensive Market |
10/9/2024 9:57 AM | EMBRACE THE BEAUTIFUL |
10/8/2024 1:07 PM | NVDIA Saves the Day |
10/8/2024 9:51 AM | THE RAFT IN THE STORM |
10/7/2024 1:18 PM | Uncertainty |
10/7/2024 9:48 AM | NOT REAL? WHO CARES? |
10/4/2024 1:14 PM | Jobs Data Pushing Stocks Higher |
10/4/2024 9:58 AM | JOBS DAY (AGAIN) |
10/3/2024 12:47 PM | Oil Surges |
10/3/2024 9:38 AM | WAITING |
10/2/2024 1:23 PM | Holding the Pattern |
10/2/2024 9:34 AM | REIGN OF TERROR |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|