Continue Churning.
Wall Street appeared rather disinterested on Monday ahead of a busy week of earnings reports and stocks weakened on the back of some unsurprising, but still low-volume, profit-taking on the back of six straight weeks of gains. Although the tech-heavy NASDAQ made something of a comeback later in the day boosted by a good session for some select tech names including Nvidia, the S&P 500 index still finished in the red.
The flourishing narrative that the Fed is going to be cutting rates less aggressively going forward than originally anticipated as well as the growing expectation in the bond…
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