There is a good chance for US 10Y treasury yields to reach 5%. The recent data do suggest inflation has been sticky and Trump does intend to add more jobs alongside with pushing for rate cuts. I do expect the broader market to dip. Logically, the number of rate cuts should be low but I believe trump will exert pressure for further rate cuts. So, expect at least 1 rate cut for the year.
S&P 500 Hits 6100! Can Big Tech Earnings Boost January Rally?
The S&P 500 hit a new high yesterday, reaching 6118 points. Next week, major tech companies will report their earnings. Tesla, Microsoft, and Meta will release their earnings after Wednesday’s market close, while Apple will report after Thursday’s market close. Can Big Tech drive further market gains? Which major tech company are you optimistic about?
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