AUTHOR
Mick Weinstein
Mick is the Head of Editorial for Covestor, a financial journalist and online content specialist. Prior to joining Covestor, Mick was for five years the Editor in Chief and VP Content at stock market analysis website Seeking Alpha, where he built the editorial function as the site attracted over 3.5 million unique monthly visitors and developed an innovative platform for intelligent stock market discussion. Mick is a graduate of the University of Michigan, Ann Arbor.
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One of the handful of companies bucking the trend last week was Nvidia. The company reported that its Q1 sales tripled from a year ago.
Commodities have a positive beta to inflation
The 1995/1996 rate cut episode, which consisted of only three decreases worth 75 bps in total, serves as an interesting parallel to the current situation, where the market has finally ‘come to the Fed’ with respect to rate cut expectations for 2024.
A stronger-than-forecast retail sales report and a modest increase in core producer prices initially lifted sentiment, but consumer confidence and semiconductor news soon dented Thursday’s optimism.