Sell off
The whole market was red except for the energy sector.
The sell off was triggered by the hotter than expected inflation numbers.
The market is now revising their expectations of the timeline and number of rate cutes. Currently, the odds of a rate cut in June is less than 20%. In case you don’t know, it was 60-70% about 2 months ago.
The sell off was triggered by the hotter than expected inflation numbers.
The market is now revising their expectations of the timeline and number of rate cutes. Currently, the odds of a rate cut in June is less than 20%. In case you don’t know, it was 60-70% about 2 months ago.
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$Marathon Digital(MARA.US$ $Financial Select Sector SPDR Fund(XLF.US$ $Crude Oil Futures(AUG4)(CLmain.US$ $Disney(DIS.US$ $Temasek Holdings(BK2536.US$ $Morgan Stanley(MS.US$ $XPeng(XPEV.US$ $Luminar Technologies(LAZR.US$ $GlobalFoundries(GFS.US$ $Workday(WDAY.US$ $Trump Media & Technology(DJT.US$ $Block(SQ.US$ $Zoom Video Communications(ZM.US$ $Teladoc Health(TDOC.US$
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