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    AI 🤖Business 💼Cryptocurrency 💰Economy 🏛️Politics 🥸Stock Markets 🤑Technology 🛠️
    Posted 9/18/2023, 4:50:11 PM

    Steve Weiss Takes Cautious Stance Ahead of Powell Comments

    • Title I am more 'cautious' in the market, says Short Hills Capital's Steve Weiss
    • Steve Weiss joins 'Halftime Report'
    • Discusses a shifting tech trade
    • Powell's upcoming comments on Wednesday
    • More cautious in the market
    cnbc.com
    Relevant topic timeline:
    8/23/2023
    US Jackson Hole symposium: Powell’s speech to move markets
    The market is focused on the Jackson Hole Symposium for any policy changes from Fed Chair Jerome Powell, with investors eager to know if higher rates for longer are necessary. The market reaction will depend on Powell's message regarding rate hikes and cuts.
    8/22/2023
    Stock Market Today: Dow Falls While Nasdaq Climbs; S&P 500 Snaps 4-Day Losing Streak; Meta, Nvidia, and More Movers; China Cuts Interest Rates
    Tech stocks led a rally in the stock market, with the Nasdaq Composite gaining 1.6% and the S&P 500 ending a four-day losing streak, despite the rise in Treasury yields; investors will be looking for clues about the US consumer spending and the economy as retailers' earnings reports are expected, and Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium is anticipated for indications on interest rates.
    8/27/2023
    CNBC Daily Open: Powell said high rates. Markets heard robust economy
    Federal Reserve Chair Jerome Powell warned that inflation and economic growth remain too high and interest rates may continue to rise and remain restrictive for longer, while U.S. stocks rebounded and European markets closed slightly higher. Meanwhile, U.S. Trade Representative Katherine Tai highlighted China's dominance in rare earth metals and the vulnerability of U.S. supply chains. Grocery delivery company Instacart filed paperwork for an IPO, and upcoming PCE and jobs data will provide insights into the Fed's rate decisions. Powell's ambiguous remarks at the Jackson Hole symposium led markets to focus on the prospect of a stronger economy rather than interest rate warnings.
    8/28/2023
    Markets Await Economic Data After Powell's Friday Speech; Equities Rise Monday
    Markets are anticipating economic data following Powell's speech, leading to a rise in equities.
    9/17/2023
    Fed and Corporate Earnings in Focus as Markets Seek Direction
    Investors are focused on Jerome Powell and the Federal Reserve's upcoming policy decision, as well as earnings reports from FedEx and the impact of the United Auto Workers strike on companies like Stellantis, GM, and Ford.
    9/20/2023
    Tech Stocks AppLovin, Vertiv, and ePlus Surge on Strong Earnings and Outlook
    Wall Street is closely monitoring the Fed and Jay Powell's speech, with rising oil prices being a concern, but the general sentiment remains positive for the tech sector, as evidenced by the success of top-ranked Zacks stocks in the tech sector, including AppLovin, Vertiv Holdings, and ePlus Inc.
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