Weekly Takeaways: Tech Wobbles, Rate Cuts Support the Bull Case

TopdownCharts
08:06

Learnings and conclusions from this week’s charts: $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $Dow Jones(.DJI)$

  • Tech is stumbling again (+Bitcoin languishing around the lows).

  • Fed rate cuts are bringing policy settings into the sweet spot for stocks.

  • Rate cuts near the ATH are bullish, and more cuts are likely.

  • More companies are mentioning AI in earnings calls (+being rewarded for it).

  • Sometimes the earnings story goes right the while price path goes wrong.

Overall, there’s the Friday sell-off looking like an aftershock from the November correction and still a few weak spots lurking off the radar, but there’s also been some bullish developments. An extension of Fed rate cuts may be just the thing to extend an already extended run in stocks…

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