What's next after first rate cut? Markets look to earnings.

Corient partner and wealth advisor Amy Kong joins Market Domination hosts Julie Hyman and Josh Lipton in a discussion about what this week’s economic data means for expected interest rate cuts and what’s next for the market after the focus shifts beyond the first cut. “We are certainly at a point where the surge of purchases” seen during the lockdown “is well behind us,” Kong says, noting that “going forward, we are starting to see that the consumer is moderating.” “I'm not necessarily calling a recession, but certainly we are seeing a healthy moderation,” the strategist says, explaining that current market normalization is “all normal with regards to what we've seen over the past couple of years post COVID." Kong tells Market Domination that all signs point to a 25-basis-point cut from the Federal Reserve next week, noting that subsequent cuts will be “really data-dependent.” “The first couple of rate cuts” could function as "a normalization of the monetary policy,” with key economic indicators like the Consumer Price Index (CPI) and the Producer Price Index (PPI) showing inflation slowing from levels seen last year. "The environment today does not call for such a restrictive policy." As the Fed considers rate cuts, macroeconomic uncertainty weighs heavily on investors; Kong notes that corporate earnings "continue to be a very good support for the system.” Earnings-driven gains are “exactly why the markets are still trading at the valuation levels that we're seeing today,” with much of this growth being driven by tech companies, including the Magnificent Seven and artificial intelligence-related companies, Kong says, adding that if tech strength persists, “stock market conditions continue to be in a favorable place.” The analyst underlines that "the conditions can soften” and investors shouldn’t necessarily expect “a straight line up” as there “could be some ebbs and flows.”
#youtube #stockmarket #news
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: www.instagram....
TikTok: www.tiktok.com...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

[@Financedude007]

Thanks

[@lrs7777]

We have the STRONGEST economy on the world!

[@SanAntonioDean]

@@lrs7777 *in the world 🌎

[@robertwieczorek5838]

Interesting............not!

[@JohnyTerr]

!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated

[@DivaHarrison]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable.
Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@DivaHarrison]

My colleagues had a good laugh at me when I told them I started my journey with $50k capital and how I accumulated over 6 figures within a span of 7 months. They never believed me until I pulled out my P&L.
I know that learning the ins and outs of the market isn't for everyone, that's why personally, Kristine oversees my investments.

[@ElizabethHansick]

Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.

[@JohnyTerr]

nice! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?

[@ElizabethHansick]

look up her name on the web for her website.

[@ebeyslough]

To the mooooon! 🚀

[@BARbaraMariam]

Great analysis, thank you! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?