Skip to content


The argument that rates matter more than economic growth is increasingly compelling for US equities. The Fed’s terminal rate fell to 3.5% this week from +4% last week and this coincided with a rebound.

Today we received more news suggesting an economic slowdown as the S&P Global US PMI indices fell, but that didn’t matter for stocks.

  • S&P 500 up 36 points, or 0.95%, at 3,795
  • Nasdaq +1.6%
  • Russell 2000 +1.2%
  • DJIA +0.6%

Tomorrow will be an important day with the Nasdaq approaching the mid-June “gap” on the chart:


cnbctv18-forexlive-benzinga -Sp

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.