Reported 12 months ago
Federal Reserve Chair Jerome Powell mentioned progress in taming inflation during a discussion at the European Central Bank Forum on Central Banking in Portugal, hinting at uncertainty regarding future rate cuts. Marketgauge.com chief strategist Michele Schneider believes that the market is aligning with Powell's statements and the Fed's interest rate policy. She explains the significance of Treasury yields and their impact on market confidence, as well as discussing the semiconductor industry and various commodities, emphasizing the market's optimism due to the confidence in a stable interest rate policy. Schneider also mentions being long on Nvidia but trimming exposure to other tech sectors, highlighting the need for flexibility and diversified exposure to different market sectors amid the current economic climate.
Source: YAHOO