Last week's unemployment claims seemed to have dropped more than estimated. Comments from one of the Fed officials suggest that rate cuts might perhaps start in Q3. The narrative for strong jobs market and overall economy continues so the hopes of sooner rate cuts seem to diminishing at the moment and that might be the reason why DJIA is in the red this morning (PST). However, in light of TSMC's results and BAC's comments about AAPL, Nasdaq composite and S&P500 are in the green.
On the SPOT™ blog (01/18/2024) [J..]
Updated: Jan 26, 2024