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Last Friday, Jay Powell's speech at the Jackson Hole Symposium marked a big change the market has been waiting for. Powell said that the Federal Reserve is now thinking about cutting interest rates, mentioning, "The time has come for policy to adjust." For now, the market expects a 25 basis points cut, but this could change with more economic data before the Fed's September meeting, especially regarding unemployment and inflation numbers. umbers. For now the market expects a 25 basis points cut, but that can change after we receive more economic data. It's important to focus on why the Fed might cut rates rather than just how much or when. A rate cut in a strong economy shows confidence and could help the bull market. But if rates are cut because the economy is weak, it might raise fears of a recession.
This week, $NVDA (NVIDIA Corporation) earnings report on Wednesday after the market closes could have a big impact on the market. Other companies releasing earnings include $ULTA (Ulta Beauty Inc) , $BHP (BHP Group Ltd ADR) , $CRWD (Crowdstrike Holdings) , BYD and $CRM (Salesforce Inc) Iām particularly watching Ulta on Thursday, as it makes up 7% of my portfolio.
Trade safe!
Nezatron
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