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Here's to hoping - November 4, 2022
Episode 74
Published 3 years, 11 months ago
Description
Investors are optimistic by nature. Although Jerome Powell made it clear on Wednesday that the much-awaited pivot towards a dovish monetary policy was not for now, today's bad employment numbers have boosted indexes, with the Dow opening at +1.1%, the S&P at +1.5% and the Nasdaq at +1.8%. The data supports speculation that the Fed may slow the pace of its rate hikes as soon as December.
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