Reported about 3 hours ago
Bank of America strategist Michael Hartnett reports that financial markets are confident the Federal Reserve will successfully begin lowering rates, indicated by rallies in bank stocks and reduced credit spreads. As U.S. stocks reach record highs with expectations of at least a 25 basis point cut, concerns grow over a potential delay in cuts due to labor market slowdowns and external pressures. Hartnett highlights a preference for international stocks as they outperform U.S. indices.
Source: YAHOO