In an unfolding saga of global economic strategy, major central banks are poised to embark on distinctly different monetary policy journeys, signaling a significant divergence that could reshape financial markets worldwide. While the U.S. Federal Reserve (Fed) stands on the brink of initiating a series of interest rate cuts,
Investors withdrawing from stock market, but not technology. Tech-themed ETFs had $3.42B inflow, led by XLK, QQQ & SMH. Valuations high, prepare for volatility.
Miran has staunchly defended Trump’s tariffs in the past, arguing in August that the “doom and gloom” expectation from tariffs “just hasn’t panned out.”
Speaking to reporters at the White House, the U.S. President reiterated that the benchmark interest rate “should be much lower,” ahead of the Federal Reserve’s decision scheduled for Wednesday.
After a sharp deterioration in market breadth on Friday, Monday brought a moderate recovery. However, the bounce lacks conviction, with several key indicators stalling or weakening on a broader timeframe. The overall trend remains fragile and warrants a neutral breadth trend rating.
