The stock market (^DJI, ^IXIC, ^GSPC) is under pressure ahead of the highly anticipated Jobs report on Friday, as investors weigh the likelihood of an...
is under pressure ahead of the highly anticipated Jobs report on Friday, as investors weigh the likelihood of an interest rate cut executed by the Federal Reserve. Joining the Morning Brief to share his insights is Comerica Wealth Management Chief Investment Officer John Lynch.
But I really think it's important for investors to focus on the fact that we saw a durable goods orders up.I, I'm surprised to see, uh, what I would characterize is too much concern about Friday's report. So, so how many more reports of and you can kind of take your pick of the economic data piece that's really gonna move the Fed's mind one way or another.
Uh you know, looking at, looking at the uh inflation data, you know, year over year core is still 2.8.So I think they're gonna hold off.So consequently, I believe the fed is on hold until at least September.I mean, we are seeing about a 5050 chance of a rate cut in September priced into the market right now.
Uh I think that would be if you saw really weak May and really weak June data that could uh necessitate a July cut. "The current upcycle started in late'23, so we are only in quarter 3, implying strength likely till mid-26E," Bank of America wrote on Monday.Is BCE Inc. the Best Canadian Dividend Stock with High Yield?
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