The key is growth, it’s not rate cuts
The key is growth, it’s not rate cuts: Tom Essaye Quoted in Barron’s
S&P 500 Edges Higher. Tech Still Lags.
Stocks have been holding up in recent weeks even though expectations for a rate cut sooner rather than later have dipped.
“The key is growth, it’s not rate cuts,” Sevens Report Research’s Tom Essaye told Barron’s. “As long as growth is stable, the markets can tolerate fewer rate cuts—up to a certain point.”
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