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Michael Chapa News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BLOOMBERG Bloomberg July 4, 2024

The s p 500 negative by 0. 1 . 16 positive weeks out of 18 for the First Time Since 1971. A long run to friday. We have a double dose of chairman powell, state of the union from the president and a payroll support. Lisa which is the most important aspect for these because its a blockbuster week across the Monetary Policy and economic activity. Ultimately it has to come down to the jobs report, ultimately its can it come down to whether the economy continues to grow at the case people expect. Weather february confirms january. If it does we had a big repricing, what is that mean for the fed and this market . The Market Pricing out only a 25 basis point rate cut or less than that by june for the First Time Since october. We have not seen this type of lack of rate cuts being priced in since going back to late last year. Markets arent really alarmed about that. Maybe people think they are just pushing it back. They are not deferring them indefinitely. Jonathan we begin another week at reco

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