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With Fed Rate Cuts On The Horizon, Equity Markets Soar, Dollar Weakens, 10-Year Treasury Yield Falls Below 4%

Fed delivered what markets wanted: likely no more rate hikes & rate cuts in 2024. Interest rate-sensitive assets outperformed, with small-caps, Treasuries & gold rising, while the dollar dropped.

GLD

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US Stocks Show Timid Gains, While Tech Titans, Bitcoin Slip Ahead Of This Week’s Crucial Events: What’s Driving Markets Monday?

Wall Street is showing cautious gains as the new week begins, despite thetech giants often referred to as the “Magnificent 7” all trading in the red: Apple Inc. (NASDAQ:AAPL), Microsoft Corp.

$ADA

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Index Futures Fall, Dollar Rallies As Labor Market Strength Dampens Fed Rate Cut Speculation

U.S. equity futures take a sharp downturn after unexpected strength in labor market, with traders questioning aggressive rate cut bets & traders adjusting expectations for a Fed rate cut in March 2024 to 49% chance.

AMD