sunny314.bsky.social
👤 Joined on 31 May 2024
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@sunny314.bsky.socialThe S&P 500 rallied 20.8% in the first 3 quarters of 2024, posting its biggest gain since 1997. This is nearly double the 11.7% increase seen last year. Since the October 2023 low, the index is up a massive 40%, or more than 4 times the average annual return.
Show PostIn light of the CPI, it seems likely that the Fed will cut rates by 25 basis points next week rather than 50 basis points. #traders #investors #markets #Dow #Nikkei #Stock #USDJPY #Forex
Show Post37% of US small businesses have seen their earnings drop over the last 3 months, the highest share in 14 years. This is even weaker than the 35% seen during the 2020 pandemic. Over the last 3 years, small business earnings have declined in a near straight-line lower.
Show PostDespite there was no new material economic data or guidance from the Fed, the odds of a 50 basis point interest rate cut this week have gone from 2% to 59% in about half a day. The important point is that Fed members have not refuted the claims.
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