Hi all,
The markets put in another positive week for several reasons. The Fed committee left rates unchanged as expected. In Powell’s speech that followed, he struck what most considered a dovish tone. He put a damper on the prospects of a rate hike and leaned into the idea that rate cuts were coming later in the year.Â
A good earnings report from AAPL helped the technology sector although I cannot say I was enthusiastic. Planning huge buybacks does not sound like a company that has growth plans but they do have lots of cash.
Friday the employment data indicated that the jobs market might be cooling with reported openings well below expectations however, still a solid number at 175,000. The treasury yields dropped after the employment report data was released.Â
Optimism for rate cuts based on the cooling jobs market will likely continue into next week. There are a lot of Fed officials scheduled to speak throughout the week. Â That could add some volatility to the markets.
Recap Video
Sectors in Play Last Week
Key Levels for this Week
What to Watch for this Week
Earnings this Week
Positions and Trades Last Week
Tracking for Potential Trades
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