
The State of the Tech Trade 7/25/24
Halftime Report
Market Momentum Shift and Possibility of Fed Rate Cut
The chapter delves into the recent shift away from market momentum trading, discussing the influence of technical analysis and the CPI data. It explores the potential impact of a Fed interest rate cut in July based on economic indicators like GDP and PCE, with debates around inflation and the Fed's data dependency. The speakers express differing views on the likelihood of a rate cut and its effects on various market sectors, emphasizing the importance of diversification in the current market landscape.
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