Coming off of last Friday's knockout jobs data from May, this week could prove to be a rollercoaster for markets (^DJI, ^IXIC, ^GSPC) with Wednesday's CPI...
regarding interest rates. But just because investors are in for an eventful week, should they expect anything new to happen, particularly from the Fed?
I think they'll acknowledge that the economy is slowing but not slowing to the point that it's necessarily concerning the fed at this point.So I don't think we're going to get any kind of commentary surrounding, you know, when the fed will be thinking about the fed starting to cut the federal funds rate.
We think that they cut at September probably skip at the next meeting and then cut one more time at December. But, um, he's not alone in the observation looking again at the concentration of large cap tech in the S and P 500 the top 10 stocks overall in the S and P now make up 35% of that index.If anything, well, like anything else, you know, it really always comes down to the fundamentals of the individual stocks now, specifically within technology, you know, the past couple of quarters, I've really kind of been breaking technology into three different buckets, you know, in my own mind.
You know, then I look more at the traditional tech names again, that's where we're starting to see, you know, some of the better undervalue opportunities.
CPI Federal Reserve David Sekera Market Strategist
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