On the SPOT™ blog (08/24/2023) [N..]
- Salyl Bhagwat
- Aug 24, 2023
- 3 min read
Last week's unemployment claims dropped and durable-goods orders increased in July. This is further reaffirming that economy seems to be in a reasonably good shape. I think this just means that Feds are no where close to letting their guard down on inflation. This and 10-year Treasury's yield level is perhaps making investors nervous about tomorrow's speech by Federal Reserve Chairman from Jackson Hole. Apparently, the rally due to +ve sentiment caused by yesterday's spectacular results from Nvidia seems to have fizzled this morning (PST) as all three major US indices appear to be in the red.
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