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Will there be a rate cut in December? The Federal Reserve's voting members this year have been "playing Tai Chi": regardless of whether they lower rates or not, interest rates should continue to decline.
This year, as with other Federal Reserve officials who spoke on Monday, Fed Chair Daly expected future rate cuts to continue, but did not commit to taking further action this month, stating that inflation continues to trend down towards the 2% target, and even with another rate cut, monetary policy would remain restrictive.
Taking history as a lesson, it may not be a good thing that the US stock market has risen too sharply this year.
The data shows that when the s&p 500 index reaches too many historical highs, usually the next year's return is lower.
Understand it in one picture! When to focus on US stocks, when to layout global: all depends on "it"
For Wall Street traders, when should they concentrate their efforts on positioning in the US stock market? When should they diversify their funds and invest in overseas markets? The answer may lie on a very familiar chart: the 10-year US Treasury yield.
Investors are flocking to the 'old economy', and the US stock market in this area is experiencing the 'perfect upward trend' conditions.
Bank of America believes that the economy is "ready" for a new round of spending cycles, creating perfect conditions for cyclical stocks to significantly outperform large cap in the coming years, with strong returns expected next year, especially in the manufacturing sector. Morgan Stanley and Goldman Sachs also favor cyclical stocks, particularly in the financial sector.
Top U.S. stock strategists: Investors are rushing into the 'old economy', and cyclical stocks will encounter a 'perfect storm'!
The chief U.S. equity strategist at Bank of America stated that a new spending cycle is poised to begin, creating opportunities for cyclical stocks to significantly outperform the market over the next few years.
Daily options tracking | Meta options earned 10 times overnight! Seeking commercial nuclear power for AI, stock price hits a historical high; "AI star stock" palantir rises nearly 7% again, multiple call options expiring this Friday earn over 5 times.
After intel's CEO retired, the board of directors is searching for a replacement, while a major shareholder sold $2 million in put options to bet on a rise in price.