4 minutes ago
Investors are too optimistic that interest rate cuts will boost stock prices, warns Vital Knowledge
The impact of the Federal Reserve’s interest rate cuts on the stock market may be overstated by investors, according to Vital Knowledge’s Adam Crisafulli.
“Our view on the SPX remains cautious as investors are too optimistic about the effectiveness of Fed rate cuts and not paying enough attention to weakening economic momentum,” he wrote. “The case for initiating rate cuts in September is strong, but what follows is likely a gradual easing cycle that will likely not be enough to immediately halt the ongoing growth slowdown.”
Fred Imbert
3 hours ago
European markets open lower
See the chart…
Stoxx 600 Index.
11 hours ago
The S&P 500 has hit 35 new record highs this year.
The S&P 500 and Nasdaq Composite continued to rise on Monday. As of the close of regular trading, the composite had recorded 35 closing highs for 2024, while the Nasdaq had recorded 25.
But many investors are expecting a summer correction and say investors should extend their bets before stocks peak.
“It’s really important to stay broadly diversified,” Courtney Garcia, senior wealth advisor at Payne Capital Management, said Monday on CNBC’s “Closing Bell.” “I don’t see the end of momentum trading here, especially in the short term, but when things change, they change quickly. And when you look at valuations, there’s a lot of opportunity here.”
Sarah Min
12 hours ago
Stock futures little changed
U.S. stock futures opened little changed Monday night.
Dow Jones Industrial Average futures rose 13 points, or 0.04%, while S&P 500 futures and Nasdaq 100 futures rose 0.03% and 0.07%, respectively.
Sarah Min
