Still like equities , but we have come a long way pretty quicklyCan evolve the portfolio and have a bit less equities at these multiplesYou can get a lot of yield without going out on the yield curveThinks the Fed cuts rates at September meetingPersonally I think the fed funds rate is priced wrongI would do 50 basis point cut sooner and I would have cut in JulyI still like tech long-term, sector has terrific free cash flow generationIt’s worth taking some chips off the table after this big rebound.We’re moving in the right direction on inflation
Looking at the US stock market
The S&P index is up 78.75 points or 1.47% at 5423.06. Its high price reached 5430.75. The NASDAQ index is up 356.42.12 percent at 17135. Its high price reached 17174
Looking at the S&P sectors, the gains are led by information technology while the laggard and only negative sector is the energy sector.
Information Technology (SSINFT): +2.60%Consumer Discretionary (SSCOND): +2.15%Health Care (SSHITH): +1.13%Utilities (SSUTIL): +1.09%Industrials (SSINDU): +0.85%Materials (SSMATR): +1.00%Consumer Staples (SSCONS): +0.26%Real Estate (SSREAS): +0.71%Telecommunication Services (SSTELS): +1.35%Financials (SPF): +0.62%Energy (SPN): -0.94%
This article was written by Greg Michalowski at www.forexlive.com.
