Ross Gerber Says Inflation Is Dead: 'Fed Is Done, Bye Bye And Go Away!'
Portfolio Pulse from Bhavik Nair
Ross Gerber, CEO of Gerber Kawasaki, believes inflation is dead and the Federal Reserve's rate hiking cycle will end. May's Consumer Price Index rose 4% annually, the lowest in two years. Wall Street reacted positively, with the Nasdaq Composite and S&P 500 gaining, while the bond market remains cautious.
June 14, 2023 | 1:34 am
News sentiment analysis
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NEGATIVE IMPACT
The iShares 1-3 Year Treasury Bond ETF (SHY) shed 0.18% on Tuesday as the bond market remains cautious ahead of the central bank's policy outcome.
The bond market's caution ahead of the central bank's policy outcome led to a negative impact on the SHY, causing it to shed 0.18%. This indicates a short-term negative impact on the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Vanguard Short-Term Treasury Index Fund ETF (VGSH) lost 0.17% on Tuesday as the bond market remains cautious ahead of the central bank's policy outcome.
The bond market's caution ahead of the central bank's policy outcome led to a negative impact on the VGSH, causing it to lose 0.17%. This indicates a short-term negative impact on the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Invesco QQQ Trust Series 1 (QQQ) rose 0.77% on Tuesday as Wall Street reacted positively to the cooling inflation and potential end of the Fed's rate hiking cycle.
The cooling inflation and potential end of the Fed's rate hiking cycle led to a positive reaction from Wall Street, which in turn caused the QQQ to rise 0.77%. This indicates a short-term positive impact on the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) closed 0.66% higher on Tuesday as Wall Street reacted positively to the cooling inflation and potential end of the Fed's rate hiking cycle.
The cooling inflation and potential end of the Fed's rate hiking cycle led to a positive reaction from Wall Street, which in turn caused the SPY to close 0.66% higher. This indicates a short-term positive impact on the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80