Tom Essaye: Markets Seek Dovish Signals Ahead of Fed Decision
Tom Essaye: Markets Seek Dovish Signals Ahead of Fed Decision
Stocks Gain as Bitcoin Rebounds; Boeing Soars on FCF Forecast
Stocks moved higher Tuesday as bitcoin’s rebound helped lift broader risk sentiment and Boeing shares surged on improved free-cash-flow projections. Traders are also preparing for next week’s Fed decision and weighing the potential for a dovish shift under a new chair.
“Markets are looking for dovish signals via strong demand for short-duration Treasuries and fresh support for a December Fed rate cut,” wrote Tom Essaye, president of the Sevens Report, referencing Tuesday’s six-week bill auction.
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