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The Market's Love Affair With Weakness
Episode 670
Published 1 year, 1 month ago
Description
Optimism is the softest currency on Wall Street, and this week, it's being traded at a premium. Futures tied to the S&P 500 and Nasdaq advanced on renewed hope that the Federal Reserve might finally deliver the rate cut traders have been pining for. All it took was a weak private payrolls number, an economic blemish recast as a badge of honor. If the logic sounds upside down, that's because it is.
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