Market in Review 4/2/2024
MARKET REPORT
Review:
Market in Review 2/21/2024
MARKET REPORT
Review:
– NVIDIA POST RECORD REVENUE +265% ON BOOMING AI BUS POST CLOSE
– FOMC Minutes:
– altered the post-meeting statement to indicate that no cuts would be coming until the rate-setting Federal Open Market Committee held “greater confidence” that inflation was receding.
– indicated a general sense of optimism that the Fed’s policy moves had succeeded in lowering the rate of inflation
– officials noted that they wanted to see more before starting to ease policy while saying that the policy rate is likely at the peak of its cycle
– two policy makers noticed dangers of extended peak, others expressed concerns of premature easing
– Future policy depend on; data, evolving outlook and balance of risks
– Funds were unchanged 5.25/5.5 in Jan, per expectations
– Fed Funds indicate no cut Mar & May 53% likelihood cut in June
– 10yr Treasury yield rose to 4.3% on back of Minutes.
– Gold pares losses=down small, Dollar UNCH, Equities down lead by ND, Crude +1%
– NVDA -3% (Earnings)
– Woeful 20yr bond auction
– Boeing outs head 737 Jetliner program
– Indian farmers clash with police in mass protest
– German govt slashes growth forecast.
