What's better than a strong economy and a dovish Fed that still has plenty of ammunition for lower rates?
Not much, obviously.
US stocks rallied later on Wednesday CPI inflation data similar estimates. The numbers were good enough to convince the market that the Federal Reserve will cut rates next week.
There may be end-of-year effects as well as the market entering mega-cap technology in a captive trade.
- GOOGLE +4.6%
- MSFT +1.2%
- META +2.4%
- NVDA +3.5%
- AAPL -0.1%
- AMZN +2.1%
- TSLA +4.8%
If you take those away it was a very uninspiring day for equality although small caps were also cheering on the Fheid.
- S&P 500 +0.9%
- Nasdaq Comp +1.8%
- Russell 2000 +0.9%
- DJIA -0.1%
- Toronto TSX Comp +0.6%
This article was written by Adam Button at www.forexlive.com.
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