Nasdaq, S&P, Dow Futures Tread Cautiously With Key Inflation Figure on Horizon
The most accurate analyst on Wall Street: It's no longer about “to cut or not to cut”, or “when to cut”, but rather “whether cutting interest rates is still effective”.
According to Michael Hartnett, Chief Strategist at Bank of America, significant interest rate cuts from the Federal Reserve are necessary to prevent a recession. If certain key indicators are breached, the Wall Street narrative will shift from a soft landing to a hard landing. Hartnett recommends focusing on the US NFIB Small Business Confidence data, which will be released on Tuesday.
Treasury Yields Rise as Attention Turns to Inflation Data
US bond market: Recession concerns eased, US bond yields significantly reversed.
After a turbulent week, the global bonds market has calmed down as concerns about potential economic downturn in the USA recede.
Moovin Stonks | Friday Market Calm Before Storm After Turbulent Week
Fall in 10-Year U.S. Treasury Yields Might Be Too Quick -- Market Talk