The story is morphing … sigh.
An excerpt from marketwatch.com …
https://www.marketwatch.com/story/what-this-key-stock-market-gauge-is-telling-investors-amid-rough-start-to-2024-c8078abb?mod=mw_latestnews
Aside from this week’s market weakness, which came after a frothy finish to 2023, concerns remain that investors have factored in a so-called soft landing for the economy alongside a smooth trajectory lower for interest rates.The recent easing of financial conditions, associated with hopes for monetary easing, have been enough to help lift economic data and potentially negate the need to deliver rate cuts on the timeline that markets are hoping for, said Mark Dowding, chief investment officer at RBC BlueBay Asset Management, in a note.
Dex
Fri 5/1/24 … missing two Johns Day, page-40
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