Why Is the Fed Thinking About Cutting Rates?
Why Is the Fed Thinking About Cutting Rates? Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Why Is the Fed Thinking About Cutting Rates?
Futures are bouncing modestly following Wednesday afternoon’s drop thanks to solid earnings and merger news.
Micron (MU) posted strong earnings and guidance (stock up 5% pre-market). That’s helping to counter the negative earnings news from Wednesday.
Merger activity is also helping stocks bounce as Paramount (PARA) is said to be in talks to buy Warner (WBD). That news is also helping sentiment this morning.
Today focus will be on economic data and the two most important reports are Jobless Claims (E: 210K) and the Philadelphia Fed Manufacturing Survey (E: -3.0). With the Fed having dovishly pivoted, data needs to be in-line with expectations. Otherwise, growth worries will rise and pressure stocks. We also get the final Q3 GDP (E: 5.2%) but that’s very old data at this point and shouldn’t move markets.
Annual Discounts on Sevens Report, Alpha, Quarterly Letter, and Technicals.
We’ve been contacted by advisor subscribers who wanted to use the remainder of their 2023 pre-tax research budgets to extend their current subscriptions, upgrade to an annual (and get a month free) or add a new product (Alpha, Quarterly Letter, Technicals).
If you have unused pre-tax research dollars, we offer month-free discounts on all our products. If you would like to extend current subscriptions or save money by upgrading to an annual subscription, please email info@sevensreport.com.
Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.
