Rate cut signals by Powell
Powell's comments at the Jackson Hole symposium had boosted market confidence on an interest rate cut in Sep.
Market is now anticipating about 70% chance of a 25pbs cut and about 30% chance of a 50pbs cut.
Many tech stocks jumped as a result
Market is now anticipating about 70% chance of a 25pbs cut and about 30% chance of a 50pbs cut.
Many tech stocks jumped as a result
From YouTube
$Disney (DIS.US)$ $Sea (SE.US)$ $SentinelOne (S.US)$ $iShares Russell 2000 ETF (IWM.US)$ $LVMH Moet Hennessy Louis Vuitton (LVMUY.US)$ $ARK 21Shares Bitcoin ETF (ARKB.US)$ $Intel (INTC.US)$ $Hewlett Packard Enterprise (HPE.US)$ $Block (SQ.US)$ $Super Micro Computer (SMCI.US)$ $Spdr S&P Bank Etf (KBE.US)$ $Financial Select Sector SPDR Fund (XLF.US)$
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